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  209.88
+5.02 (2.45%)
AAPL  263.88
+3.30 (1.27%)
AMD  199.93
-3.44 (-1.69%)
BAC  52.76
-0.01 (-0.02%)
GOOG  315.59
+12.03 (3.96%)
META  656.62
+11.84 (1.84%)
MSFT  397.42
-1.04 (-0.26%)
NVDA  189.44
+1.54 (0.82%)
ORCL  148.01
-8.53 (-5.45%)
TSLA  410.67
-1.04 (-0.25%)
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.