Skip to main content

FCPT Announces Acquisition of a BP / 7-Eleven Property for $3.7 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 BP / 7-Eleven branded gas station / convenience store property for $3.7 million. The property is located in a strong retail corridor in Ohio and is occupied under an existing triple net lease to GPM Empire with approximately 14 years of term remaining. The transaction was priced at a 6.35% 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  226.97
+2.76 (1.23%)
AAPL  265.42
+2.60 (0.99%)
AMD  255.69
+2.77 (1.10%)
BAC  52.55
-0.02 (-0.04%)
GOOG  265.82
+5.31 (2.04%)
META  749.03
+10.67 (1.45%)
MSFT  529.29
+5.68 (1.08%)
NVDA  190.23
+3.97 (2.13%)
ORCL  282.35
-0.98 (-0.35%)
TSLA  444.70
+10.98 (2.53%)
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.