Four Corners Ppty Tr Inc Stock Price, News & Analysis

Four Corners Property Trust (NYSE:FCPT) announced the acquisition of a Cheesecake Factory property and a dual-tenant Starbucks and AT&T property for $12.3 million. Located in a prime area of Kansas, these corporate-operated properties are under net leases with a weighted average term of approximately seven years. The acquisition is valued at a 6.6% cap rate, excluding transaction costs. This strategic move indicates FCPT's focus on expanding its portfolio of high-quality, net-leased restaurant and retail properties.

Four Corners Property Trust (NYSE:FCPT) has acquired a Bubba's 33 restaurant property for $3.1 million. This acquisition marks the final transaction from a previously announced 7-property portfolio worth $17.1 million, with this property located in a high-traffic area of Texas. The newly constructed property is corporate-operated under a triple net lease with about 10 years remaining on the lease. The acquisition caps a series of profitable investments in the high-quality, net-leased restaurant and retail segments.

Four Corners Property Trust (NYSE:FCPT) has acquired two WellNow Urgent Care properties for $6.4 million from ComptonAddy. Located in prime retail areas in Ohio, the newly constructed properties are leased to a corporate operator, boasting a remaining lease term of 10 years. The transaction achieved a 6.2% cap rate on the rent, exclusive of transaction costs. This strategic acquisition enhances FCPT's portfolio, focused on high-quality, net-leased restaurant and retail properties.

Four Corners Property Trust (FCPT) has acquired three Caliber Collision properties in Indiana for $5.4 million. The properties are located in high-traffic areas and are corporate-operated under net leases with a weighted average term of approximately five years remaining. This acquisition was executed at a 7.0% cap rate, excluding transaction costs. FCPT, based in Mill Valley, CA, focuses on acquiring and leasing restaurant and retail properties to expand its portfolio.

Four Corners Property Trust (FCPT) has completed the acquisition of a Chili’s property in Florida for $2.6 million, part of a broader transaction with Seritage initiated in October 2019 and expanded in August 2020. This acquisition marks the final purchase from Seritage, bringing FCPT's total properties acquired from this portfolio to 27 for a cumulative value of $80.8 million. The property is under a triple net lease, situated in a robust retail corridor, and the transaction reflects a cap rate consistent with previous FCPT deals.

Four Corners Property Trust (FCPT) has acquired a Firestone property in Missouri for $1.7 million. The acquisition is strategically located in a high-traffic area and is corporate-operated under a net lease with about 5 years remaining. The deal was completed at a 6.7% cap rate on rent, excluding transaction costs. This acquisition aligns with FCPT's strategy to expand its portfolio of net-leased restaurant and retail properties, enhancing potential rental income and market presence.

Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of a BarnesCare occupational medicine clinic in Missouri for $1.8 million. The property is strategically located in a busy area and is corporate-operated under a net lease. The acquisition's pricing was aligned with FCPT's previous transactions, indicating a consistent investment strategy.

Four Corners Property Trust (FCPT) announced the acquisition of a Caliber Collision property in Tennessee for $6.1 million. The property, located in a strong retail corridor, operates under a corporate net lease with approximately seven years remaining. The deal was priced at a 6.7% cap rate, including near-term rent increases and credits received at closing. Excluding transaction costs, the cap rate would be 6.5% based on the rent at closing. This acquisition aligns with FCPT's strategy of growing its portfolio in the restaurant and retail sectors.

Four Corners Property Trust (FCPT) has acquired a Caliber Collision property in Kentucky for $1.3 million. The acquisition is located in a strong retail corridor and features a corporate-operated net lease with approximately seven years remaining. This transaction offers a 6.7% cap rate, considering near-term rent increases and closing credits, with a 6.5% cap rate based on rent at closing. FCPT continues to expand its portfolio of high-quality, net-leased restaurant and retail properties.