FCPT Announces Acquisition of a Buffalo Wild Wings Property for $1.5 Million

The property is located in Georgia and is occupied under a triple-net lease with approximately 7 years of term remaining. The transaction was priced at a 6.8% going-in cash cap rate, exclusive of transaction costs.

Bar-B-Cutie SmokeHouse Adds Locations to South Texas

Bar-B-Cutie SmokeHouse Plans 4th and 5th Locations in the Rio Grande Valley

Cracker Barrel and Punch Bowl Social Enter into Strategic Relationship

Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL) and Denver-based Punch Bowl Social today announced they have entered into a strategic relationship, with Cracker Barrel taking a non-controlling position in the concept. Under the terms of the agreement, Cracker Barrel will invest up to approximately $140 million to acquire its initial non-controlling stake and to provide growth capital for future development.

Quaker Steak & Lube Signs Agreements for Two New Concession Locations

One concession will open in PPG Paints Arena, home to the National Hockey League's Pittsburgh Penguins, and will be open for the 2019-2020 hockey season. The second, inside FirstEnergy Stadium and home of the National Football League's Cleveland Browns, opened on August 8 for the first preseason game.

Restaurant Industry Development News

Sixpoint Brewery Unveils State-Of-The-Art Brewery And Taproom In Brooklyn
August, 19 2019
Sixpoint Brewery is building a new state-of-the-art brewery and taproom in Gowanus, Brooklyn, set to open in May 2020. The 20,000 ft2 space will feature a production brewing system, a full-service kitchen and bar, a street level outdoor beer garden, and a 4,000 ft2 rooftop beer garden with stunning views of the Brooklyn and Manhattan skylines. continue reading →

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