Skip to main content

FCPT Announces Acquisition of a Chili’s Restaurant Property for $2.8 Million

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

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

Report this content

If you believe this article contains misleading, harmful, or spam content, please let us know.

Report this article

Recent Quotes

View More
Symbol Price Change (%)
AMZN  254.54
+3.35 (1.33%)
AAPL  336.19
-0.81 (-0.24%)
AMD  544.80
-0.29 (-0.05%)
BAC  57.77
-0.41 (-0.71%)
GOOG  347.67
+3.99 (1.16%)
META  673.43
-8.88 (-1.30%)
MSFT  496.36
-1.39 (-0.28%)
NVDA  219.60
+0.26 (0.12%)
ORCL  147.46
-3.13 (-2.08%)
TSLA  363.10
-3.10 (-0.85%)
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.