Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries FCPT Announces Acquisition of Two National Tire & Battery Properties for $2.8 Million By: Four Corners Property Trust via Business Wire August 30, 2022 at 18:34 PM EDT Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of two National Tire and Battery properties for $2.8 million. The properties are located in strong retail corridors in North Carolina and are corporate-operated under triple net leases with a weighted average seven years of term remaining and annual CPI-adjusted rent increases. The transaction was priced at a 6.1% cap rate on actual rent as of the closing date, exclusive of transaction costs. About FCPT FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20220830005839/en/Contacts Four Corners Property Trust: Bill Lenehan, 415-965-8031 CEO Gerry Morgan, 415-965-8032 CFO Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
FCPT Announces Acquisition of Two National Tire & Battery Properties for $2.8 Million By: Four Corners Property Trust via Business Wire August 30, 2022 at 18:34 PM EDT Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of two National Tire and Battery properties for $2.8 million. The properties are located in strong retail corridors in North Carolina and are corporate-operated under triple net leases with a weighted average seven years of term remaining and annual CPI-adjusted rent increases. The transaction was priced at a 6.1% cap rate on actual rent as of the closing date, exclusive of transaction costs. About FCPT FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20220830005839/en/Contacts Four Corners Property Trust: Bill Lenehan, 415-965-8031 CEO Gerry Morgan, 415-965-8032 CFO
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of two National Tire and Battery properties for $2.8 million. The properties are located in strong retail corridors in North Carolina and are corporate-operated under triple net leases with a weighted average seven years of term remaining and annual CPI-adjusted rent increases. The transaction was priced at a 6.1% cap rate on actual rent as of the closing date, exclusive of transaction costs. About FCPT FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20220830005839/en/
