FCPT Announces Acquisition of a BP / 7-Eleven Property for $3.7 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 BP / 7-Eleven branded gas station / convenience store property for $3.7 million. The property is located in a strong retail corridor in Ohio and is occupied under an existing triple net lease to GPM Empire with approximately 14 years of term remaining. The transaction was priced at a 6.35% 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

More News

View More

Recent Quotes

View More
Symbol Price Change (%)
AMZN  217.56
-4.47 (-2.01%)
AAPL  256.83
-5.94 (-2.26%)
AMD  227.67
-10.36 (-4.35%)
BAC  50.85
-0.67 (-1.29%)
GOOG  252.28
+0.94 (0.37%)
META  729.42
-3.85 (-0.53%)
MSFT  519.87
+2.21 (0.43%)
NVDA  178.53
-2.63 (-1.45%)
ORCL  273.90
-1.25 (-0.45%)
TSLA  434.65
-7.95 (-1.80%)
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.