Press Release: FCPT Announces Acquisition of an Automotive Service Property for $4.8 Million

Dow Jones

29 Jan

FCPT Announces Acquisition of an Automotive Service Property for $4.8 Million

MILL VALLEY, Calif.--(BUSINESS WIRE)--January 28, 2025--

Four Corners Property Trust $(FCPT)$, a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), is pleased to announce the acquisition of an automotive service property leased to a national operator for $4.8 million. The property is located in a highly trafficked corridor in Texas and under a corporate long-term triple net lease. The transaction was priced at a cap rate in range with previous FCPT transactions.

About FCPT

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at www.fcpt.com.

Category: Acquisition

View source version on businesswire.com: https://www.businesswire.com/news/home/20250128465533/en/

 
    CONTACT:    Four Corners Property Trust:

Bill Lenehan, 415-965-8031

CEO

Patrick Wernig, 415-965-8038

CFO

(END) Dow Jones Newswires

January 28, 2025 18:14 ET (23:14 GMT)

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The property is located in a highly trafficked corridor in Texas and under a corporate long-term triple net lease. The transaction was priced at a cap rate in range with previous FCPT transactions. \n</p>\n<p>\n     About FCPT \n</p>\n<p>\n     FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at www.fcpt.com. \n</p>\n<p>\n     Category: Acquisition \n</p>\n<p>\n     View source version on businesswire.com: https://www.businesswire.com/news/home/20250128465533/en/ \n</p>\n<pre>\n \n    CONTACT:    Four Corners Property Trust: \n</pre>\n<p>\n     Bill Lenehan, 415-965-8031 \n</p>\n<p>\n     CEO \n</p>\n<p>\n     Patrick Wernig, 415-965-8038 \n</p>\n<p>\n     CFO \n</p>\n<pre>\n \n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 28, 2025 18:14 ET (23:14 GMT)\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4234","symbol_name":"特殊用途房地产信托","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2507652779","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2507652779","pubTimestamp":1738106040,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Four Corners Property Trust , a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties , is pleased to announce the acquisition of an automotive service property leased to a national operator for $4.8 million. 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The property is located in a highly trafficked corridor in Texas and under a corporate long-term triple net lease. The transaction was priced at a cap rate in range with previous FCPT transactions. \n\n\n     About FCPT \n\n\n     FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at www.fcpt.com. \n\n\n     Category: Acquisition \n\n\n     View source version on businesswire.com: https://www.businesswire.com/news/home/20250128465533/en/ \n\n\n \n    CONTACT:    Four Corners Property Trust: \n\n\n     Bill Lenehan, 415-965-8031 \n\n\n     CEO \n\n\n     Patrick Wernig, 415-965-8038 \n\n\n     CFO \n\n\n \n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 28, 2025 18:14 ET (23:14 GMT)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"merge","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}