Skip to main content

FCPT Announces Acquisition of a Portfolio of National Tire and Battery Properties for $11.6 Million

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

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 six NTB (National Tire and Battery) branded properties for $11.6 million. The properties are located in highly trafficked retail corridors in Mississippi and Ohio and are corporate-operated under triple net leases with approximately three years of weighted average term remaining. The portfolio was priced at a 7.6% 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.

Contacts

Four Corners Property Trust:

Bill Lenehan, 415-965-8031

CEO



Gerry Morgan, 415-965-8032

CFO

Report this content

If you believe this article contains misleading, harmful, or spam content, please let us know.

Report this article

Recent Quotes

View More
Symbol Price Change (%)
AMZN  270.64
-3.36 (-1.23%)
AAPL  312.06
-0.45 (-0.14%)
AMD  516.10
-1.99 (-0.38%)
BAC  51.60
+51.59 (1031900.00%)
GOOG  376.43
-9.69 (-2.51%)
META  632.51
-2.78 (-0.44%)
MSFT  450.24
+23.25 (5.45%)
NVDA  211.14
+211.12 (986535.51%)
ORCL  225.78
+22.08 (10.84%)
TSLA  435.79
-6.31 (-1.43%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.