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  232.46
+0.32 (0.14%)
AAPL  274.01
+1.65 (0.61%)
AMD  215.18
+0.28 (0.13%)
BAC  56.30
+0.33 (0.59%)
GOOG  315.69
+0.01 (0.00%)
META  667.95
+3.00 (0.45%)
MSFT  488.32
+1.47 (0.30%)
NVDA  188.61
-0.60 (-0.32%)
ORCL  197.84
+2.50 (1.28%)
TSLA  485.18
-0.38 (-0.08%)
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.