Skip to main content

FCPT Announces Acquisition of a Stanton Optical Property for $2.1 Million

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

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 Stanton Optical property for $2.1 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 seven 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

Report this content

If you believe this article contains misleading, harmful, or spam content, please let us know.

Report this article

Recent Quotes

View More
Symbol Price Change (%)
AMZN  266.43
+10.17 (3.97%)
AAPL  319.70
+5.12 (1.63%)
AMD  465.58
-11.09 (-2.33%)
BAC  62.32
+1.15 (1.88%)
GOOG  342.88
+5.17 (1.53%)
META  578.02
+6.92 (1.21%)
MSFT  513.53
+8.47 (1.68%)
NVDA  217.55
-10.43 (-4.57%)
ORCL  150.85
-1.09 (-0.72%)
TSLA  348.75
-6.06 (-1.71%)
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.