Skip to main content

FCPT Announces Acquisition of Two Service Kings for $6.2 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 two Service King properties for $6.2 million. The properties are located in highly trafficked corridors in Texas and are both corporate-operated under triple net leases with twenty years of term remaining. The transaction was priced at a 6.2% 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  248.78
+25.92 (11.63%)
AAPL  269.54
-1.86 (-0.69%)
AMD  260.30
+5.46 (2.14%)
BAC  52.95
-0.08 (-0.15%)
GOOG  282.29
+0.39 (0.14%)
META  661.61
-4.86 (-0.73%)
MSFT  522.09
-3.67 (-0.70%)
NVDA  206.77
+3.88 (1.91%)
ORCL  261.29
+4.40 (1.71%)
TSLA  449.58
+9.48 (2.15%)
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.