Skip to main content

FCPT Announces Acquisition of a Two Property Portfolio for $2.7 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 National Tire and Battery (NTB) property and a Goodyear Tire property for $2.7 million. The properties are located in strong retail corridors in Louisiana and are corporate-operated. Both the NTB and the Goodyear properties are occupied under net leases, with approximately four and ten years of term remaining, respectively. The transaction was priced at a 6.7% cap rate on rent today, 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  209.49
+4.22 (2.06%)
AAPL  272.39
+6.21 (2.33%)
AMD  214.83
+18.23 (9.27%)
BAC  50.40
-0.67 (-1.31%)
GOOG  312.14
+0.45 (0.14%)
META  640.01
+2.76 (0.43%)
MSFT  386.58
+2.11 (0.55%)
NVDA  193.28
+1.72 (0.90%)
ORCL  145.03
+3.72 (2.63%)
TSLA  404.62
+4.79 (1.20%)
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.