Skip to main content

FCPT Announces Acquisition of a Portfolio of National Tire and Battery Properties for $11.6 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 six NTB (National Tire and Battery) branded properties for $11.6 million. The properties are located in highly trafficked retail corridors in Mississippi and Ohio and are corporate-operated under triple net leases with approximately three years of weighted average term remaining. The portfolio was priced at a 7.6% 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  206.74
+1.47 (0.72%)
AAPL  273.86
+7.68 (2.88%)
AMD  209.16
+12.56 (6.39%)
BAC  49.53
-1.54 (-3.01%)
GOOG  307.91
-3.78 (-1.21%)
META  633.88
-3.38 (-0.53%)
MSFT  386.52
+2.05 (0.53%)
NVDA  191.06
-0.49 (-0.26%)
ORCL  144.50
+3.19 (2.26%)
TSLA  402.97
+3.14 (0.79%)
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.