Skip to main content

FCPT Announces Acquisition of a Kum & Go Property for $1.6 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 a Kum & Go convenience store property for $1.6 million. The property is located in a highly trafficked corridor in Oklahoma and is corporate-operated under a triple net lease with approximately four years of term remaining. The transaction was priced at a 6.85% 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  208.07
+0.16 (0.07%)
AAPL  268.95
-4.00 (-1.47%)
AMD  200.13
-3.55 (-1.74%)
BAC  49.90
-2.40 (-4.59%)
GOOG  307.69
+0.54 (0.18%)
META  645.00
-12.01 (-1.83%)
MSFT  394.68
-7.05 (-1.75%)
NVDA  180.47
-4.42 (-2.39%)
ORCL  143.99
-6.32 (-4.20%)
TSLA  401.85
-6.73 (-1.65%)
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.