A sale-leaseback is a deal where an owner sells an asset—commonly real estate or equipment—to another party and immediately rents it back so they can keep using it. For investors, it matters because the seller converts a fixed asset into cash without disrupting operations, which can boost liquidity or pay down debt but also creates ongoing lease payments and long-term obligations that affect cash flow and the balance sheet.
real estate investment trustfinancial
A real estate investment trust (REIT) is a company that owns and manages income-producing properties—like apartment buildings, shopping centers, offices, or warehouses—and is required to pass most of its rental income to shareholders as dividends. Think of it as a shared property owner: instead of buying a whole building, investors buy a slice of a portfolio that pays regular income and can offer exposure to property values and rental markets without direct management. REITs matter to investors for predictable income, diversification, and liquidity compared with owning physical real estate.
fast-casualtechnical
A fast-casual restaurant is a dining concept that blends the speed and counter-based ordering of fast food with higher-quality ingredients, fresher preparation, and a more comfortable dining environment than typical quick-service outlets. Investors care because this model can command higher prices and customer loyalty while keeping lower labor and overhead than full-service restaurants, making growth, profitability and site selection key drivers of financial performance — think of it as a hybrid between fast food and casual dining.
triple net leasesfinancial
A triple net lease is a rental agreement where the tenant pays the base rent plus three major property expenses: property taxes, building insurance, and maintenance costs. For investors, this arrangement makes rental income more predictable and lowers the landlord’s day‑to‑day expenses and risk—similar to leasing out a house where the renter also handles the utility bills, yard work and repairs—so it affects cash flow stability and valuation of income‑producing real estate.
cap ratefinancial
The cap rate is a way to estimate how much money a real estate investment might generate relative to its purchase price. Think of it as a measure of the property's annual income divided by its value, helping investors compare different properties quickly. A higher cap rate generally indicates a potentially higher return but may also come with more risk.
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MILL VALLEY, Calif.--(BUSINESS WIRE)--
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of two Hawaiian Bros properties for $5.9 million from Stine Enterprises via sale-leaseback. Hawaiian Bros is a fast-casual restaurant concept specializing in fresh-food plate lunches with more than 60 locations nationwide, mostly in Kansas City, Dallas, and Phoenix. The properties are newly constructed and located in strong retail corridors in Arizona and Texas and are franchisee-operated under long term, triple net leases. The transaction was priced at a cap rate in range with previous FCPT transactions.
About FCPT
FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at www.fcpt.com.
