Skip to main content

FCPT Announces Acquisition of Two Service Kings for $6.2 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 two Service King properties for $6.2 million. The properties are located in highly trafficked corridors in Texas and are both corporate-operated under triple net leases with twenty years of term remaining. The transaction was priced at a 6.2% 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  205.57
+4.42 (2.20%)
AAPL  265.20
+1.32 (0.50%)
AMD  202.02
-1.06 (-0.52%)
BAC  53.20
+0.45 (0.86%)
GOOG  304.20
+1.38 (0.46%)
META  637.98
-1.31 (-0.20%)
MSFT  401.22
+4.36 (1.10%)
NVDA  188.88
+3.91 (2.11%)
ORCL  156.71
+2.74 (1.78%)
TSLA  414.49
+3.86 (0.94%)
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.