Skip to main content

FCPT Announces Acquisition of a Portfolio of National Tire and Battery Properties for $11.6 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 six NTB (National Tire and Battery) branded properties for $11.6 million. The properties are located in highly trafficked retail corridors in Mississippi and Ohio and are corporate-operated under triple net leases with approximately three years of weighted average term remaining. The portfolio was priced at a 7.6% 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  217.86
+1.04 (0.48%)
AAPL  257.65
-4.87 (-1.86%)
AMD  195.65
-6.42 (-3.18%)
BAC  49.44
-0.86 (-1.71%)
GOOG  299.31
-4.14 (-1.37%)
META  655.20
-12.53 (-1.88%)
MSFT  409.12
+3.92 (0.97%)
NVDA  180.18
-2.86 (-1.57%)
ORCL  152.88
+0.51 (0.34%)
TSLA  400.20
-5.74 (-1.41%)
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.