FCPT Announces Acquisition of a Starbucks Property for $1.2 million

Nachrichtenquelle: Business Wire (engl.)
20.11.2020, 22:05  |  104   |   |   

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 corporate-operated Starbucks property for $1.2 million. The property is located in a highly trafficked corridor in Mississippi and is occupied under a net lease with approximately five years of term remaining. The transaction was priced at a 6.50% going-in cash capitalization and 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.

Four Corners Property Trust Aktie jetzt über den Testsieger (Finanztest 11/2020) handeln, ab 0 € auf Smartbroker.de



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FCPT Announces Acquisition of a Starbucks Property for $1.2 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 corporate-operated …

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