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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 |
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/.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180716005891/en/
Four Corners Property Trust:Bill Lenehan, 415-965-8031CEOorGerry Morgan, 415-965-8032CFO
1 Year Four Corners Property Chart |
1 Month Four Corners Property Chart |
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