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Four Corners Property Trust, Inc. (NYSE: FCPT) is a distinguished $2 billion investment-grade rated net lease Real Estate Investment Trust (REIT) that focuses primarily on restaurant real estate. Originating from a spin-off from Darden Restaurants, Inc. in November 2015 with an initial portfolio of 418 properties, FCPT has expanded its reach significantly. Today, the company boasts ownership of over 500 properties across 44 states, housing more than 20 well-known brands.
FCPT's core business revolves around the acquisition, ownership, and leasing of restaurant and retail properties. The company's growth strategy emphasizes portfolio diversification and scaling through strategic acquisitions and sale-leaseback transactions with high-quality credit restaurant operators. This approach ensures a robust real estate foundation and stable revenue streams.
Operating through two main segments, FCPT derives the majority of its revenue from its real estate operations, which include rental revenues generated from leasing properties to tenants in the restaurant and retail sectors. The second segment, restaurant operations, is managed through a taxable REIT subsidiary (TRS) named Kerrow Restaurant Operating Business.
FCPT continually seeks to enhance its portfolio by acquiring additional properties that meet its stringent quality criteria. This strategy not only maximizes returns for shareholders but also strengthens relationships with renowned restaurant operators, ensuring long-term stability and growth.
For more detailed information about Four Corners Property Trust, Inc., visit www.fcpt.com.
Four Corners Property Trust (FCPT) announced the acquisition of an Arby’s property for
Four Corners Property Trust (FCPT) has announced the acquisition of three Caliber Collision properties for $7.2 million. The properties are strategically located in high-traffic areas of New York, featuring corporate-operated net leases with a weighted average remaining term of seven years and annual rent increases of 2%. This transaction, priced at a 6.8% cap rate on current rent, reinforces FCPT's commitment to expanding its portfolio of high-quality, net-leased restaurant and retail properties.
Four Corners Property Trust (FCPT) has announced the acquisition of a NAPA Auto Parts property for $1.1 million. This corporate-operated location is situated in a robust retail corridor in Iowa and is secured by a net lease with approximately four years remaining. The lease features 2% annual rent increases and was acquired at a 6.4% cap rate on current rent, excluding transaction costs. This acquisition aligns with FCPT's strategy to enhance its portfolio of high-quality, net-leased restaurant and retail properties.
Four Corners Property Trust (NYSE:FCPT) has acquired five Caliber Collision properties located in Ohio for $4.1 million. These properties feature net leases with a weighted average remaining term of 9 years. The acquisition is priced at a 6.6% cash capitalization rate, excluding transaction costs, reflecting the Company’s strategy to enhance its portfolio of high-quality, net-leased restaurant and retail properties.
FCPT aims to grow through strategic acquisitions in the restaurant and retail sectors, contributing to its focus on sustainable cash flow and property value appreciation.
Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of a Firestone property in Illinois for $3.8 million. The property is situated in a strong retail corridor and is currently under a net lease with approximately three years remaining. The acquisition was executed at a 7.6% going-in cash capitalization rate, exclusive of transaction costs. This strategic acquisition aims to enhance FCPT's portfolio of high-quality, net-leased restaurant and retail properties.
Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of a Fresenius Medical Care property for $3.1 million. This strategic buy is located in a high-traffic area of
Four Corners Property Trust (FCPT) has acquired six Chili’s properties for $20.6 million. The locations are in Maryland and Virginia, featuring corporate-operated establishments. All properties are secured under triple net leases with a remaining term of 15 years and approximately 1.4% annual rent increases. The acquisition's cap rate aligns with previous transactions by FCPT, indicating a strategic expansion in high-quality, net-leased restaurant properties.
Four Corners Property Trust (FCPT) has acquired a VCA Animal Hospital property for $2.5 million, located in a strong retail corridor in Florida. The asset is corporate-operated under a net lease with approximately eight years remaining. This transaction is priced at a 6.5% cap rate on current rent, excluding transaction costs, showcasing FCPT's strategy to expand its portfolio of high-quality net-leased properties.
Four Corners Property Trust (FCPT) has announced the acquisition of a Caliber Collision property for $1.4 million in Virginia, strategically situated in a strong retail corridor. The property operates under a corporate net lease with about 11 years remaining on the lease term. This acquisition was completed at a 6.4% cap rate on current rent and 6.5% including a contractual rent increase from December 2021, enhancing FCPT's portfolio of high-quality, net-leased restaurant and retail properties.
Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of eight Tires Plus properties for
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