FCPT Announces Acquisition of a Burger King Property for $1.7 Million and Total 2024 Acquisition Volume of $265 Million
Four Corners Property Trust, Inc. (FCPT)
Last four corners property trust, inc. earnings: 2/12 04:05 pm
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Source: Business Wire
MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Burger King property for $1.7 million. The property is located in a strong retail corridor in Virginia and under a corporate long-term, triple net lease with approximately 13 years of term remaining. The transaction was priced at a 7.0% cap rate on rent as of the closing date and exclusive of transaction costs.Including today’s acquisition, FCPT completed real estate acquisitions of 87 properties in 2024 for a total investment of approximately $265 million, exclusive of transaction costs.“We ended 2024 with our busiest four months of the year, including $199 million of real estate acquisitions since late August,” said CEO Bill Lenehan. “We are excited to carry that momentum into 2025 as we con
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FCPT
News
- Four Corners Property Trust Hits $265 Million in 2024 Acquisitions [Yahoo! Finance]Yahoo! Finance
- FCPT Announces Sale Leaseback of a Portfolio of Automotive Service Properties From a National Operator for $12 MillionBusiness Wire
- FCPT Announces Acquisition via Sale-Leaseback of Six Christian Brothers Automotive Properties for $24.8 MillionBusiness Wire
- FCPT Announces Acquisition of a National Veterinary Associates Property for $3.5 MillionBusiness Wire
- Four Corners Indulges in Another Acquisition to Boost Portfolio [Yahoo! Finance]Yahoo! Finance
FCPT
Earnings
- 10/30/24 - In-Line
FCPT
Sec Filings
- 11/12/24 - Form SC
- 11/8/24 - Form SC
- 10/31/24 - Form 10-Q
- FCPT's page on the SEC website