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  227.20
+2.99 (1.33%)
AAPL  265.78
+2.96 (1.13%)
AMD  253.99
+1.07 (0.42%)
BAC  52.74
+0.17 (0.32%)
GOOG  266.51
+6.00 (2.30%)
META  753.37
+15.01 (2.03%)
MSFT  530.44
+6.83 (1.30%)
NVDA  190.97
+4.71 (2.53%)
ORCL  281.17
-2.16 (-0.76%)
TSLA  445.04
+11.32 (2.61%)
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.