Skip to main content

FCPT Announces Acquisition of a Kum & Go Property for $1.6 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 Kum & Go convenience store property for $1.6 million. The property is located in a highly trafficked corridor in Oklahoma and is corporate-operated under a triple net lease with approximately four years of term remaining. The transaction was priced at a 6.85% 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  222.28
+5.80 (2.68%)
AAPL  263.54
+1.30 (0.50%)
AMD  239.59
-0.97 (-0.40%)
BAC  51.90
-0.14 (-0.27%)
GOOG  249.89
-7.13 (-2.77%)
META  732.43
+0.26 (0.04%)
MSFT  515.58
-1.21 (-0.23%)
NVDA  182.56
-0.08 (-0.04%)
ORCL  279.75
+2.57 (0.93%)
TSLA  447.81
+0.38 (0.08%)
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.