Skip to main content

FCPT Announces Acquisition of a Stanton Optical Property for $2.1 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 Stanton Optical property for $2.1 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 seven years of term remaining. The transaction was priced at a 6.5% 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  216.74
+8.01 (3.84%)
AAPL  263.47
-0.28 (-0.11%)
AMD  201.97
+11.02 (5.77%)
BAC  50.06
+0.09 (0.19%)
GOOG  303.11
-0.45 (-0.15%)
META  668.85
+13.76 (2.10%)
MSFT  409.39
+5.46 (1.35%)
NVDA  184.14
+4.09 (2.27%)
ORCL  153.35
+4.34 (2.92%)
TSLA  406.26
+13.83 (3.52%)
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.