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Fcpt Announces Acquisition Of A Firestone Property For $1.7 Million

Fcpt Announces Acquisition Of A Firestone Property For $1.7 Million

11/22/22, 9:09 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgmill 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

Company
FCPT
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.

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