Skip to main content

FCPT Announces Acquisition of a Circle K Property for $2.3 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 Circle K property for $2.3 million. The property is located in a highly trafficked retail corridor in Illinois and is occupied under a triple net lease with the corporate operator. The lease has approximately four years of term remaining. The transaction was priced at a 6.9% 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  204.31
-0.48 (-0.23%)
AAPL  260.24
-4.11 (-1.55%)
AMD  202.13
+2.01 (1.00%)
BAC  52.59
-0.77 (-1.45%)
GOOG  303.35
-0.59 (-0.19%)
META  643.03
-0.19 (-0.03%)
MSFT  397.19
-2.41 (-0.60%)
NVDA  187.07
-0.91 (-0.48%)
ORCL  155.99
-0.18 (-0.11%)
TSLA  410.27
-1.05 (-0.26%)
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.