Skip to main content

FCPT Announces Acquisition of a Burger King Property for $1.4 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 $1.4 million. The property is located in a highly trafficked retail corridor in Ohio and is occupied under a triple net lease to Carrols Corporation with approximately one year of term remaining. The transaction was priced at a 6.8% 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  248.81
+25.95 (11.64%)
AAPL  269.70
-1.70 (-0.63%)
AMD  260.39
+5.55 (2.18%)
BAC  52.95
-0.08 (-0.15%)
GOOG  282.26
+0.36 (0.13%)
META  661.65
-4.82 (-0.72%)
MSFT  522.09
-3.67 (-0.70%)
NVDA  206.78
+3.89 (1.91%)
ORCL  261.39
+4.50 (1.75%)
TSLA  449.65
+9.55 (2.17%)
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.