FCPT Announces Sale Leaseback of a BJ’s Restaurant Property for $3.8 Million | 2020-10-30 | Press Releases

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a corporate-operated BJ’s Restaurant (NASDAQ: BJRI) property for $3.8 million via a sale-leaseback. The property is newly constructed and located in Ohio and is occupied under a triple-net lease with 15.0 years of term, and four, 5-year options. This transaction is the second and last acquisition of the two-property sale-leaseback with BJRI announced in September 2020. 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 acquisition and leasing of restaurant 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

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MPP Sam Oosterhoff’s gathering refused to follow COVID-19 rules, restaurant says

The Niagara Falls restaurant that was unable to get Niagara West MPP Sam Oosterhoff and his party to wear masks and physically distance is pleading with the public to still support its business.

In a Monday Facebook post, Betty’s Restaurant in Chippawa said it has COVID-19 safety protocols in place to protect its staff and customers, which Oosterhoff and a gathering of more than 40 people would not follow.

“This group was reminded several times that they were required to wear masks when not seated at their table. Unfortunately, they chose not to follow posted rules about wearing masks and distancing. We can remind guests but we cannot strong-arm them into following rules,” the post said.

“We have sanitized and disinfected the entire area since the party and we are truly doing our best to follow all guidelines for your safety and ours.”

The post, which echoes what restaurant owner

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Mombo Restaurant in Portsmouth files for bankruptcy after owner’s death – News – seacoastonline.com

PORTSMOUTH — Mombo Restaurant has filed for voluntary bankruptcy following the sudden death of owner Thomas Perron, and a federal court judge has been asked to grant permission to move ahead with a sale and bidding process starting at $150,000 for the desirable Strawbery Banke location.

The 66 Marcy St. restaurant has been closed since Perron’s death in June. This summer marked the business’s 10-year anniversary.

Mombo, located at Strawbery Banke Museum and overlooking Prescott Park, had been dubbed a “sophisticated haunt for refined New American fare in airy quarters with wood beams and a patio lounge.” The restaurant won several “Taste of the Seacoast” awards, and in 2012, Perron prepared a special luncheon for the Obamas and Bidens.

Mombo LLC, owned by Perron’s revocable trust, filed for voluntary bankruptcy in federal court Oct. 6. Trustee attorney David Mulhern is represented in court proceedings by attorney Steven Notinger, who on

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