Skip to main content

FCPT Announces Acquisition of a Mavis Discount Tire Property for $1.7 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 Mavis Discount Tire property for $1.7 million. The property is located in a highly trafficked retail corridor in Wisconsin and is occupied under a triple net lease to the brand’s corporate entity with approximately six years of term remaining. The transaction was priced at a 6.85% 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  239.89
+0.73 (0.31%)
AAPL  254.61
+6.57 (2.65%)
AMD  253.12
-6.56 (-2.53%)
BAC  51.99
+0.27 (0.53%)
GOOG  335.92
+7.49 (2.28%)
META  674.00
+15.24 (2.31%)
MSFT  473.15
+7.20 (1.55%)
NVDA  186.70
-0.97 (-0.52%)
ORCL  184.91
+7.75 (4.37%)
TSLA  439.21
-9.85 (-2.19%)
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.