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  223.41
+0.85 (0.38%)
AAPL  272.61
-2.00 (-0.73%)
AMD  200.72
-8.45 (-4.04%)
BAC  54.76
-0.05 (-0.09%)
GOOG  300.51
-7.22 (-2.35%)
META  656.86
-0.29 (-0.04%)
MSFT  475.66
-0.73 (-0.15%)
NVDA  171.07
-6.65 (-3.74%)
ORCL  180.00
-8.65 (-4.59%)
TSLA  477.33
-12.55 (-2.56%)
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.