Skip to main content

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

Recent Quotes

View More
Symbol Price Change (%)
AMZN  222.56
+0.00 (0.00%)
AAPL  274.61
+0.00 (0.00%)
AMD  209.17
+0.00 (0.00%)
BAC  54.81
+0.00 (0.00%)
GOOG  307.73
+0.00 (0.00%)
META  657.15
+0.00 (0.00%)
MSFT  476.39
+0.00 (0.00%)
NVDA  177.72
+0.00 (0.00%)
ORCL  188.65
+0.00 (0.00%)
TSLA  489.88
+0.00 (0.00%)
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.