Welcome to our dedicated page for Four Corners Property Trust news (Ticker: FCPT), a resource for investors and traders seeking the latest updates and insights on Four Corners Property Trust stock.
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) 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
Four Corners Property Trust (NYSE:FCPT) has acquired an O’Reilly Auto Parts property in Illinois for $2.3 million. This transaction is significant as it is located in a high-traffic area and operates under a net lease with approximately five years remaining. The property transaction was conducted at a 6.5% capitalization rate, which reflects the potential yield from this acquisition. FCPT continues to focus on expanding its portfolio by acquiring quality restaurant and retail properties.
Four Corners Property Trust (FCPT) has acquired two properties from Pathway Vet Alliance for $3.9 million. This acquisition includes a Thrive Vet Care location and a dual-tenant property featuring Eye Care for Animals. The properties are based in Illinois and Rhode Island, located in strong retail corridors and under net leases with an average remaining term of eight years. The deal was executed at a 6.6% cash capitalization rate, excluding transaction costs.
Four Corners Property Trust (NYSE:FCPT) has successfully acquired a Gerber Collision property in Wisconsin for $1.7 million. The acquisition features a net lease with approximately nine years remaining, located in a high-traffic area. Priced at a 7.0% capitalization rate (excluding transaction costs), this deal enhances FCPT's portfolio of high-quality, net-leased restaurant properties, aligning with its strategy to expand in the restaurant and retail sectors.
Four Corners Property Trust (NYSE:FCPT) has acquired National Tire and Battery (NTB) and Goodyear Tire properties in Louisiana for $2.7 million. The acquisition involves corporate-operated properties under net leases with approximately four and ten years of term remaining, respectively. The transaction reflects a 6.7% cap rate on current rent, indicating a strategic move to expand FCPT's portfolio in strong retail corridors. This acquisition aligns with FCPT's goal of enhancing its holdings in the restaurant and retail sectors.
Four Corners Property Trust (NYSE: FCPT) announced the acquisition of a Popeyes and a Bojangles property in North Carolina for $4.6 million. Both properties feature long-term, triple net leases with a weighted average of 15 years remaining. This transaction reflects a 6.3% weighted average cap rate on current rent, exclusive of transaction costs. FCPT is focused on expanding its portfolio of high-quality, net-leased restaurant properties.
Four Corners Property Trust (NYSE:FCPT) has acquired a BP / 7-Eleven branded gas station and convenience store in Ohio for $3.7 million. This property, situated in a robust retail corridor, is under a triple net lease with GPM Empire, featuring approximately 14 years remaining on the lease term. The acquisition is valued at a 6.35% going-in cash capitalization rate, exclusive of transaction costs. FCPT focuses on expanding its portfolio by acquiring high-quality, net-leased properties primarily in the restaurant and retail sectors.
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