Skip to main content

FCPT Announces Acquisition of a Burger King Property for $1.7 Million

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 Burger King property for $1.7 million. The property is located in a highly trafficked retail corridor in Wisconsin and is occupied under a triple net lease to a franchisee with approximately 15 years of term remaining. The transaction was priced at a 6.5% going-in cash capitalization rate, exclusive of transaction costs.

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 industries. Additional information about FCPT can be found on the website at www.fcpt.com.

Contacts

Four Corners Property Trust:

Bill Lenehan, 415-965-8031

CEO



Gerry Morgan, 415-965-8032

CFO

Recent Quotes

View More
Symbol Price Change (%)
AMZN  207.58
+2.31 (1.13%)
AAPL  273.02
+6.84 (2.57%)
AMD  212.01
+15.41 (7.84%)
BAC  49.97
-1.10 (-2.15%)
GOOG  309.08
-2.61 (-0.84%)
META  635.71
-1.54 (-0.24%)
MSFT  387.59
+3.12 (0.81%)
NVDA  191.89
+0.34 (0.18%)
ORCL  145.70
+4.39 (3.11%)
TSLA  407.06
+7.23 (1.81%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.