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FCPT Four Corners Property Trust Inc

23.45
-0.24 (-1.01%)
After Hours
Last Updated: 21:03:02
Delayed by 15 minutes
Share Name Share Symbol Market Type
Four Corners Property Trust Inc NYSE:FCPT NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.24 -1.01% 23.45 23.75 23.41 23.53 471,702 21:03:02

FCPT Announces Acquisition of a Buffalo Wild Wings Restaurant Property for $3.6 million

16/07/2018 11:22pm

Business Wire


Four Corners Property (NYSE:FCPT)
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Four Corners Property Trust (NYSE:FCPT), a real estate investment trust engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a corporate-leased Buffalo Wild Wings restaurant property for $3.6 million. The property is located in Austin, TX, and is occupied under a triple-net lease with approximately 6 years of term remaining and a rent escalation of 2.0% annualized. The transaction was priced at a 6.9% going-in cash cap 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 related food services industry. Additional information about FCPT can be found on the website athttp://www.fcpt.com/.

Four Corners Property Trust:Bill Lenehan, 415-965-8031CEOorGerry Morgan, 415-965-8032CFO

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