Fcpt Announces Acquisition Of A Firestone Property For $1.7 Million
11/22/22, 9:09 PM
Location
mill valley
Industry
real estate
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 Firestone property for $1.7 million. The property is located in a highly trafficked corridor in Missouri and is corporate-operated under a net lease with approximately 5 years of term remaining. The transaction was priced at a 6.7% cap rate on rent as of the closing date, exclusive of transaction costs.
Company Info
Location
Mill Valley, California, United States
Company info
Four Corners Property Trust (FCPT) is a real estate investment trust primarily engaged in the ownership, acquisition, and leasing of high-quality, net-leased 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.