FCPT Closes One Additional Burger King Restaurant of Washington Prime Transaction for $2.0 million
Four Corners Property Trust, Inc. (FCPT)
Last four corners property trust, inc. earnings: 2/12 04:05 pm
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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”), closed on the purchase of an additional Burger King property today from Washington Prime Group Inc. (“WPG”) for $2.0 million. The property is located in Maryland and is occupied under a triple-net lease with approximately 16 years of term remaining and 10% rent escalations every 5 years. The transaction was priced at a capitalization rate consistent with our investment thresholds and past transactions. This is the eighth closing of the acquisition previously announced in September 2017. Closing of the remaining properties is expected to be completed throughout the remainder of 2019 based on the timing of parcelization of each respective property, subject to remaining due diligence and customary
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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