Skip to main content

FCPT Announces Acquisition of a Chili’s Restaurant Property for $2.8 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 a Chili’s property for $2.8 million. The property is located in a strong retail corridor in Texas and is corporate-operated under a triple net lease with approximately nine years of term remaining. The transaction was priced at a 6.2% going-in cash 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  204.52
-5.59 (-2.66%)
AAPL  267.24
+2.66 (1.01%)
AMD  197.94
-2.22 (-1.11%)
BAC  51.56
-1.50 (-2.82%)
GOOG  314.85
-0.05 (-0.02%)
META  648.58
-7.08 (-1.08%)
MSFT  388.33
-8.90 (-2.24%)
NVDA  191.29
+1.47 (0.78%)
ORCL  141.56
-6.52 (-4.40%)
TSLA  403.58
-8.24 (-2.00%)
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.