FCPT Announces Acquisition of Three Arby’s Restaurants for $4.1 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 engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of three Arby’s restaurants for $4.1 million. The properties are located in Michigan and are leased to the corporate operator under triple- net leases with approximately 6 years of term remaining. The transaction was priced at a 7.0% weighted average cash cap rate, inclusive of percentage rent paid and 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 Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and related food services industry. Additional information about FCPT can be found on the website at http://www.fcpt.com/.
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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