Skip to main content

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

Recent Quotes

View More
Symbol Price Change (%)
AMZN  226.81
-3.47 (-1.51%)
AAPL  278.61
+0.58 (0.21%)
AMD  214.11
-7.32 (-3.31%)
BAC  55.14
+0.58 (1.06%)
GOOG  311.42
-2.28 (-0.73%)
META  647.92
-4.79 (-0.73%)
MSFT  478.73
-4.75 (-0.98%)
NVDA  177.40
-3.53 (-1.95%)
ORCL  193.57
-5.28 (-2.66%)
TSLA  454.20
+7.31 (1.64%)
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.