FCPT Announces Acquisition of a Whataburger Property for $1.2 million

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Whataburger property for $1.2 million. The property is in a highly trafficked corridor in Florida and is corporate-operated under a triple net lease with approximately three years of term remaining. The transaction was priced at a 6.3% cap rate, exclusive of transaction costs.

About FCPT

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail 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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The Four Corners Property Trust Stock at the time of publication of the news with a raise of +0,48 % to 27,05USD on NYSE stock exchange (14. November 2022, 22:15 Uhr).