Skip to main content

FCPT Announces Acquisition of a Mavis Discount Tire 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 Mavis Discount Tire 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 the brand’s corporate entity with approximately six years of term remaining. The transaction was priced at a 6.85% 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  209.43
+4.16 (2.02%)
AAPL  272.23
+6.05 (2.27%)
AMD  215.82
+19.22 (9.78%)
BAC  50.47
-0.60 (-1.18%)
GOOG  311.23
-0.46 (-0.15%)
META  640.16
+2.91 (0.46%)
MSFT  386.68
+2.21 (0.57%)
NVDA  193.21
+1.66 (0.86%)
ORCL  145.12
+3.81 (2.69%)
TSLA  404.11
+4.28 (1.07%)
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.