Skip to main content

FCPT Announces Acquisition of a Portfolio of National Tire and Battery Properties for $11.6 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 six NTB (National Tire and Battery) branded properties for $11.6 million. The properties are located in highly trafficked retail corridors in Mississippi and Ohio and are corporate-operated under triple net leases with approximately three years of weighted average term remaining. The portfolio was priced at a 7.6% 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  248.14
-0.26 (-0.10%)
AAPL  273.73
+4.30 (1.60%)
AMD  244.10
+0.12 (0.05%)
BAC  53.41
-0.01 (-0.02%)
GOOG  290.02
-0.57 (-0.20%)
META  624.29
-7.47 (-1.18%)
MSFT  504.80
-1.20 (-0.24%)
NVDA  192.86
-6.19 (-3.11%)
ORCL  236.11
-4.72 (-1.96%)
TSLA  438.08
-7.15 (-1.60%)
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.