Skip to main content

FCPT Announces Acquisition of a Burger King 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 Burger King 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 a franchisee with approximately 15 years of term remaining. The transaction was priced at a 6.5% 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  206.11
+4.96 (2.47%)
AAPL  265.40
+1.52 (0.58%)
AMD  200.25
-2.83 (-1.39%)
BAC  53.38
+0.64 (1.22%)
GOOG  303.31
+0.49 (0.16%)
META  639.24
-0.05 (-0.01%)
MSFT  400.30
+3.44 (0.87%)
NVDA  190.15
+5.18 (2.80%)
ORCL  155.73
+1.76 (1.14%)
TSLA  413.48
+2.85 (0.69%)
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.