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  231.39
-1.14 (-0.49%)
AAPL  272.36
-0.72 (-0.26%)
AMD  216.08
+0.74 (0.34%)
BAC  55.10
-0.18 (-0.32%)
GOOG  314.47
-0.08 (-0.03%)
META  663.08
-2.88 (-0.43%)
MSFT  485.11
-2.37 (-0.49%)
NVDA  188.78
+1.24 (0.66%)
ORCL  196.47
-0.75 (-0.38%)
TSLA  454.88
+0.44 (0.10%)
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.