Net-leased describes a commercial property arrangement where the tenant not only pays rent but also assumes some or all ongoing property costs such as taxes, insurance, and maintenance. For investors, this setup is like leasing out a house where the renter also pays the utilities and yard work: it usually produces steadier, more predictable income and shifts operating cost and vacancy risk away from the landlord, affecting valuation and return expectations.
downhole drilling toolstechnical
Downhole drilling tools are the instruments and devices run inside a borehole to cut rock, steer the drill, measure conditions, and protect the well while drilling. Think of them as the specialized tools a mechanic uses inside an engine or the instruments a surgeon uses inside a body—what happens down there determines how fast, safely and cheaply a well is completed. For investors, these tools influence drilling cost, production speed, downtime risk and ultimately project returns.
triple net leasefinancial
A triple net lease is a rental agreement where the tenant pays the base rent plus three main ongoing costs: property taxes, building insurance, and routine maintenance. For investors, this shifts much of the expense and risk onto the tenant, creating a steadier, more predictable income stream for the property owner—similar to renting a furnished home where the renter also pays the bills—making valuation and cash-flow forecasting simpler.
cap ratefinancial
The cap rate is a way to estimate how much money a real estate investment might generate relative to its purchase price. Think of it as a measure of the property's annual income divided by its value, helping investors compare different properties quickly. A higher cap rate generally indicates a potentially higher return but may also come with more risk.
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MILL VALLEY, Calif.--(BUSINESS WIRE)--
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 Drilling Tools International property for $4.7 million.Drilling Tools International (NASDAQ: DTI) is a publicly traded oilfield services company that manufactures and rents downhole drilling tools used in horizontal and directional drilling of oil and natural gas wells.The property is a drilling equipment manufacturing and rental facility located in a strong industrial corridor in Louisiana and corporate-operated under a long-term, triple net lease with approximately 11 years of term remaining.The transaction was priced at a 7.1% cap rate including rent credits received at closing and exclusive of transaction costs.
About FCPT
FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of 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. Additional information about FCPT can be found on the website at www.fcpt.com.
