FCPT Announces Acquisition of a Chili’s Property for Under $1 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 Chili’s property for under $1 million. The property is located in New York and is corporate-operated under a triple net lease with approximately four years of term remaining. The transaction was priced at a cap rate in range with previous FCPT transactions.

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 +0,08 % to 25,31USD on NYSE stock exchange (23. März 2023, 21:15 Uhr).