Four Corners Property Trust reports news centered on its REIT portfolio of net-leased restaurant and retail properties. Company updates frequently cover acquisitions of corporate-operated properties leased to restaurant, automotive service, veterinary, tire retail and other retail tenants, with details on lease structure, remaining term and acquisition capitalization rates.
FCPT news also includes quarterly financial and operating results, rent collection and occupancy commentary, investor presentations, and balance-sheet activity such as senior unsecured term loan facilities used to support its property acquisition pipeline and general corporate purposes.
Four Corners Property Trust (NYSE:FCPT) has acquired a Burger King property for $1.7 million. Located in a busy retail area of Wisconsin, the property is leased under a triple net lease with approximately 15 years remaining. This acquisition reflects a 6.5% going-in cash capitalization rate, excluding transaction costs. FCPT focuses on owning high-quality, net-leased restaurant properties, aiming to expand its portfolio within the restaurant and retail sectors.
Four Corners Property Trust (FCPT), a real estate investment trust, has acquired a Circle K property in Illinois for $2.3 million. This acquisition is part of FCPT's strategy to grow its portfolio by adding high-quality net-leased restaurant properties. The property is situated in a busy retail area and is backed by a triple net lease with the corporate operator, which has around four years remaining on the lease. The transaction boasts a 6.9% going-in cash capitalization rate, excluding transaction costs.
Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of a Mavis Discount Tire property for $1.7 million. This property is strategically located in a high-traffic retail corridor in Wisconsin and is secured by a triple net lease with approximately six years remaining on the term. The transaction was executed at a 6.85% cash capitalization rate, with costs excluded from this rate, indicating a potentially lucrative investment for the company.
Four Corners Property Trust (FCPT) has acquired a Stanton Optical property in Wisconsin for $2.1 million. The property, located in a high-traffic retail area, is under a triple net lease with approximately seven years remaining. The acquisition was executed at a 6.5% cash capitalization rate. FCPT focuses on acquiring and leasing restaurant properties, seeking growth through strategic real estate investments in the restaurant and retail sectors.
Four Corners Property Trust (NYSE:FCPT) announces the acquisition of a Chili’s property for $2.8 million. Located in a strong retail corridor in Texas, this corporate-operated property features a triple net lease with approximately nine years remaining. The transaction reflects a 6.2% going-in cash capitalization rate, excluding transaction costs. This acquisition aligns with FCPT's strategy to expand its portfolio in the restaurant sector, aiming for long-term growth through net-leased properties.
Four Corners Property Trust (NYSE: FCPT) has declared a quarterly cash dividend of $0.3175 per share, totaling $1.27 per share annually, for Q2 2021. This dividend is payable on July 15, 2021, to shareholders on record as of June 30, 2021.
FCPT is a real estate investment trust focused on acquiring and leasing restaurant properties, aiming to expand its holdings in the restaurant and retail sectors.
Four Corners Property Trust (NYSE:FCPT) has acquired a Chili's restaurant and a Monro Auto Service and Tire Center in New York for $2.7 million. Both properties are corporate-operated under triple net ground leases and have a remaining weighted average lease term of approximately four years. The acquisition is valued at a 7.0% capitalization rate, exclusive of transaction costs, indicating the company's strategy to enhance its portfolio of high-quality, net-leased properties.
Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of a corporate DaVita Kidney Care property for $1.1 million. The property, situated in a high-traffic area of Wisconsin, is leased under a net agreement with approximately four years remaining on the term. The acquisition was executed at a 6.9% cash capitalization rate, exclusive of transaction costs. This strategic purchase aligns with FCPT's goal to expand its portfolio in the restaurant and retail sectors.
Four Corners Property Trust (NYSE:FCPT) has acquired a VCA Animal Hospital property for $1.3 million. Located in a busy Minnesota corridor, the property is corporate-operated under a net lease with about seven years remaining. The acquisition was made at a 6.5% capitalization rate, excluding transaction costs, and highlights FCPT's strategy to expand its portfolio in high-quality, net-leased properties.
Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of a Burger King property in Ohio for $1.4 million. This property, located in a high-traffic retail area, is under a triple net lease with Carrols Corporation, which has approximately one year remaining on the lease term. The acquisition was valued at a 6.8% going-in cash capitalization rate, not including transaction costs. The Company is focused on expanding its portfolio of net-leased restaurant properties.