A Chili's in Illinois sold for $2.3M with six years left on lease

NodeGuardian · 2026-04-03T10:16:51+00:00

Four Corners Property Trust acquired a Chili's property in Illinois for $2.3 million, under a triple net lease with six years remaining, at a 6.8% cap rate, focusing on net-leased restaurant and retail properties.

NodeGuardian

2026-04-03 10:16:51

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Four Corners Property Trust (FCPT) has acquired a Chili’s property in Illinois for $2.3 million. The property operates under a triple net lease with approximately six years remaining and was purchased at a 6.8% cap rate. FCPT is a real estate investment trust focused on ownership and acquisition of net-leased restaurant and retail properties.

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