Four Corners Ppty Tr Inc Stock Price, News & Analysis

Four Corners Property Trust (NYSE:FCPT) has acquired a Portillo’s restaurant property in Wisconsin for $3.3 million. The property is located in a strong retail corridor and is secured under a long-term triple net lease. This transaction aligns with FCPT's strategy to acquire high-quality, net-leased properties.

With this acquisition, FCPT has now purchased a total of 25 properties worth $76 million from Seritage, reinforcing its portfolio growth.

Four Corners Property Trust (FCPT) has announced the acquisition of two outparcel properties for $2.8 million, leased to Red Robin and AT&T. These properties, located in strong retail corridors in Idaho and Missouri, are corporate-operated under net leases with an average term of 3 years remaining. The transaction aligns with FCPT's strategy of expanding its portfolio of high-quality, net-leased restaurant and retail properties, priced at a capitalization rate consistent with previous transactions.

Four Corners Property Trust (FCPT) has acquired three Mr. Tire properties in Maryland for $2.5 million. This acquisition is supported by a master lease to a corporate entity with approximately 8 years remaining on the lease term. The properties were priced with a 6.5% going-in cash capitalization rate, not including transaction costs. FCPT focuses on owning and acquiring high-quality, net-leased restaurant and retail properties to expand its portfolio in the restaurant and retail sectors.

Four Corners Property Trust (FCPT) has successfully acquired two WellNow Urgent Care properties for $5.4 million. These strategically located properties are situated in high-traffic areas of New York, with both leases held by the corporate entity. The acquisition's pricing aligns with FCPT's historical cap rates, signaling a positive investment move for the company. This transaction reflects FCPT's ongoing strategy to expand its portfolio of high-quality, net-leased restaurant and retail properties.

Four Corners Property Trust (NYSE:FCPT) has acquired a Circle K property in Illinois for $3.2 million. This property is corporate-operated with approximately three years remaining on its lease term and was acquired at a 7.2% capitalization rate based on current rent, excluding transaction costs. The acquisition aligns with FCPT's strategy to expand its portfolio in the restaurant and retail property sectors.

Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of two Express Oil Change properties for $4.6 million. The properties, located in high-traffic areas of Mississippi, are leased to a corporate entity. This transaction was completed at a 6.3% going-in cash capitalization rate, excluding transaction costs. FCPT focuses on acquiring net-leased restaurant and retail properties, aiming to expand its portfolio and increase revenue potential.

Four Corners Property Trust (NYSE:FCPT) has acquired a Jack in the Box restaurant property for $1.2 million in Arizona. The property, situated in a high-traffic area, is occupied by a franchisee under a triple net lease with about five years left on the term. This transaction was executed at a 6.8% going-in cash capitalization rate, not including transaction costs. This acquisition aligns with FCPT's strategy of expanding its portfolio in the restaurant and retail sectors.

Four Corners Property Trust (FCPT) has acquired an Olive Garden property for $4.2 million in Pennsylvania through a sale-leaseback agreement with Darden Restaurants. The property features a triple-net lease with ten years remaining on the lease term, strategically located in a bustling retail area. This acquisition aligns with FCPT's ongoing strategy to enhance its portfolio of high-quality, net-leased restaurant and retail properties, and the cap rate is consistent with prior transactions.

Four Corners Property Trust (FCPT) has acquired three investment-grade bank properties for $5.4 million. Located in Illinois, these properties are corporate-operated under triple net leases with 9 years remaining and a 1.5% annual rent increase. The transaction achieves a weighted average going-in capitalization rate of 6.5%. This acquisition strengthens FCPT's portfolio of high-quality, net-leased restaurant and retail properties, aligning with its strategy for growth.