Skip to main content

FCPT Announces Acquisition of Two Service Kings for $6.2 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 two Service King properties for $6.2 million. The properties are located in highly trafficked corridors in Texas and are both corporate-operated under triple net leases with twenty years of term remaining. The transaction was priced at a 6.2% 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  203.87
-6.24 (-2.97%)
AAPL  265.18
+0.60 (0.23%)
AMD  195.33
-4.82 (-2.41%)
BAC  51.12
-1.94 (-3.65%)
GOOG  312.02
-2.88 (-0.91%)
META  642.43
-13.23 (-2.02%)
MSFT  385.67
-11.56 (-2.91%)
NVDA  189.69
-0.12 (-0.07%)
ORCL  138.75
-9.33 (-6.30%)
TSLA  397.30
-14.52 (-3.53%)
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.