FCPT Announces Acquisition of Chick-Fil-A and Chipotle Restaurant Properties from PREIT for $2.9 Million
Four Corners Property Trust, Inc. (FCPT)
Last four corners property trust, inc. earnings: 2/12 04:05 pm
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US:NYSE Investor Relations:
fourcornerspropertytrust.com/aboutus.html
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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 of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of Chick-Fil-A and Chipotle restaurant properties for a combined $2.9 million. The properties are located in South Carolina and are occupied under net leases with 12.8 years of weighted average term remaining. The Chick-Fil-A property was newly constructed in 2018 and both properties are leased to their respective corporate operators. This transaction is the third closing of the previously announced PREIT (NYSE: PEI) outparcel portfolio transaction in November 2019, priced at a 6.5% going-in cash cap rate, on a portfolio basis, exclusive of transaction costs.About FCPTFCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Compan
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FCPT
News
- FCPT Announces Acquisition of Nine American Family Care Properties for $21.2 MillionBusiness Wire
- Four Corners Continues Its Acquisition Spree With Multiple Properties [Yahoo! Finance]Yahoo! Finance
- FCPT Announces Sale Leaseback of Two Riverview Health Outpatient Primary Care Properties for $13.5 Million [Yahoo! Finance]Yahoo! Finance
- FCPT Announces Sale Leaseback of Two Riverview Health Outpatient Primary Care Properties for $13.5 MillionBusiness Wire
- FCPT Announces Acquisition of a MercyOne Outpatient Clinic Property for $2.8 MillionBusiness Wire
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