FCPT Announces Acquisition of Chick-Fil-A and Chipotle Restaurant Properties from PREIT for $2.9 Million
Four Corners Property Trust, Inc. (FCPT)
Last four corners property trust, inc. earnings: 2/12 04:05 pm
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US:NYSE Investor Relations:
fourcornerspropertytrust.com/aboutus.html
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Source: Business Wire
MILL VALLEY, Calif.--(BUSINESS WIRE)--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 Chick-Fil-A and Chipotle restaurant properties for a combined $2.9 million. The properties are located in South Carolina and are occupied under net leases with 12.8 years of weighted average term remaining. The Chick-Fil-A property was newly constructed in 2018 and both properties are leased to their respective corporate operators. This transaction is the third closing of the previously announced PREIT (NYSE: PEI) outparcel portfolio transaction in November 2019, priced at a 6.5% going-in cash cap rate, on a portfolio basis, exclusive of transaction costs.About FCPTFCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Compan
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FCPT
Earnings
- 2/14/24 - Beat
FCPT
Sec Filings
- 4/19/24 - Form DEFA14A
- 4/19/24 - Form DEF
- 4/16/24 - Form 4
- FCPT's page on the SEC website