Skip to main content

FCPT Announces Acquisition of a Kum & Go Property for $1.6 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 Kum & Go convenience store property for $1.6 million. The property is located in a highly trafficked corridor in Oklahoma and is corporate-operated under a triple net lease with approximately four years of term remaining. The transaction was priced at a 6.85% 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  203.97
-0.82 (-0.40%)
AAPL  263.98
-0.37 (-0.14%)
AMD  199.97
-0.15 (-0.07%)
BAC  52.42
-0.94 (-1.76%)
GOOG  302.76
-1.18 (-0.39%)
META  642.99
-0.23 (-0.04%)
MSFT  400.81
+1.21 (0.30%)
NVDA  186.04
-1.94 (-1.03%)
ORCL  158.12
+1.95 (1.25%)
TSLA  406.48
-4.84 (-1.18%)
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.