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  222.81
+0.25 (0.11%)
AAPL  273.84
-0.77 (-0.28%)
AMD  198.80
-10.37 (-4.96%)
BAC  54.63
-0.18 (-0.33%)
GOOG  298.02
-9.71 (-3.16%)
META  654.85
-2.30 (-0.35%)
MSFT  479.45
+3.06 (0.64%)
NVDA  171.59
-6.12 (-3.45%)
ORCL  179.23
-9.42 (-4.99%)
TSLA  470.26
-19.62 (-4.00%)
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.