Skip to main content

FCPT Announces Acquisition of a Stanton Optical Property for $2.1 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 Stanton Optical property for $2.1 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 seven 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

Recent Quotes

View More
Symbol Price Change (%)
AMZN  249.33
+26.47 (11.88%)
AAPL  275.18
+3.78 (1.39%)
AMD  259.00
+4.16 (1.63%)
BAC  52.99
-0.04 (-0.08%)
GOOG  284.80
+2.90 (1.03%)
META  666.01
-0.46 (-0.07%)
MSFT  525.47
-0.29 (-0.06%)
NVDA  206.41
+3.53 (1.74%)
ORCL  259.35
+2.46 (0.96%)
TSLA  447.82
+7.72 (1.75%)
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.