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

More News

View More

Recent Quotes

View More
Symbol Price Change (%)
AMZN  231.60
+3.17 (1.39%)
AAPL  271.27
+0.30 (0.11%)
AMD  214.36
-0.59 (-0.27%)
BAC  56.03
+0.15 (0.27%)
GOOG  315.40
+4.07 (1.31%)
META  664.28
+2.78 (0.42%)
MSFT  486.58
+1.66 (0.34%)
NVDA  184.47
+0.78 (0.42%)
ORCL  195.50
-2.88 (-1.45%)
TSLA  487.75
-0.98 (-0.20%)
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.