FCPT Announces Acquisition of a Circle K Property for $1.6 Million

Nachrichtenquelle: Business Wire (engl.)
23.12.2020, 23:55  |  113   |   |   

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 Circle K property for $1.6 million. The property is located in a highly trafficked retail corridor in South Carolina and is corporate-operated under a triple net lease with approximately two years of term remaining. The transaction was priced at a 7.5% 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.



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FCPT Announces Acquisition of a Circle K 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 Circle K property for …

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