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  206.21
+0.94 (0.46%)
AAPL  274.03
+7.85 (2.95%)
AMD  209.37
+12.77 (6.50%)
BAC  50.16
-0.91 (-1.77%)
GOOG  308.39
-3.30 (-1.06%)
META  634.76
-2.49 (-0.39%)
MSFT  386.63
+2.16 (0.56%)
NVDA  190.27
-1.28 (-0.67%)
ORCL  145.05
+3.74 (2.64%)
TSLA  403.12
+3.29 (0.82%)
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.