Skip to main content

FCPT Announces Acquisition of a Mavis Discount Tire Property for $1.7 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 Mavis Discount Tire property for $1.7 million. The property is located in a highly trafficked retail corridor in Wisconsin and is occupied under a triple net lease to the brand’s corporate entity with approximately six years of term remaining. The transaction was priced at a 6.85% 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  206.19
-4.45 (-2.11%)
AAPL  271.27
-2.96 (-1.08%)
AMD  202.28
-8.58 (-4.07%)
BAC  51.88
+0.19 (0.36%)
GOOG  304.87
-8.16 (-2.61%)
META  654.93
+1.24 (0.19%)
MSFT  400.93
+0.33 (0.08%)
NVDA  186.63
-8.93 (-4.57%)
ORCL  147.44
-0.44 (-0.30%)
TSLA  404.28
-13.12 (-3.14%)
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.