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  204.41
-5.70 (-2.71%)
AAPL  267.76
+3.18 (1.20%)
AMD  195.53
-4.62 (-2.31%)
BAC  51.37
-1.69 (-3.19%)
GOOG  313.11
-1.79 (-0.57%)
META  639.94
-15.72 (-2.40%)
MSFT  386.56
-10.67 (-2.69%)
NVDA  191.06
+1.24 (0.65%)
ORCL  140.02
-8.06 (-5.44%)
TSLA  395.17
-16.65 (-4.04%)
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.