Four Corners Property Trust Inc (N:FCPT)

Apr 11, 2024 04:05 pm ET
FCPT Announces Acquisition of a Banfield Pet Hospital for $2.4 Million
Four Corners Property Trust (NYSE: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 a Banfield Pet Hospital property for $2.4 million. The property is newly constructed and located in a strong retail corridor in Iowa under a long term, net lease with approximately 10 years of term remaining. The transaction was priced at a 7.3% cap rate on rent as of the closing date and exclusive of transaction costs.
Apr 08, 2024 04:05 pm ET
FCPT to Report First Quarter 2024 Financial Results
Four Corners Property Trust (NYSE: FCPT), a real estate investment trust (REIT) primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), announced today that it will release financial results for the three months ended March 31, 2024, after the market close on Wednesday, May 1, 2024. A conference call and audio webcast with analysts and investors will be held on Thursday, May 2 at 11:00 a.m. Eastern Time, to discuss the results. Details for the call are listed below.
Mar 26, 2024 04:38 pm ET
FCPT Announces Acquisition of a Heartland Dental Property for $2.0 million
Four Corners Property Trust (NYSE: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 a Heartland Dental property for $2.0 million. The property is located in a strong retail corridor in Alabama and is corporate-operated under a net lease with approximately four years of term remaining. The transaction was priced at a 7.7% cap rate on rent as of the closing date, exclusive of transaction costs.
Mar 14, 2024 04:05 pm ET
FCPT Announces New $85 Million Term Loan Under Existing Credit Facility
Four Corners Property Trust (NYSE: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”), announced today that the Company entered into an Incremental Amendment to the Third Amended and Restated Revolving Credit and Term Loan Agreement with a group of existing lenders (the “Credit Agreement”). The Company utilized the accordion feature of the Credit Agreement to enter into a new $85 million term loan (the “Term Loan”). The Term Loan matures in March 2027 with one twel
Mar 11, 2024 04:05 pm ET
FCPT Declares First Quarter 2024 Dividend
Four Corners Property Trust, Inc. (NYSE: FCPT) today announced that its Board of Directors declared a quarterly cash dividend of $0.3450 per share (equivalent to $1.38 per share per annum) for the first quarter of 2024. The dividend is payable on April 15, 2024, to shareholders of record as of March 28, 2024.
Mar 07, 2024 04:05 pm ET
FCPT Announces CFO Transition; Gerry Morgan to Retire as CFO and Patrick Wernig Named as Successor
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), announced today that it plans to promote Patrick Wernig, Managing Director of Acquisitions, to Chief Financial Officer subject to his appointment by the Board of Directors (the “Board”).
Feb 14, 2024 04:05 pm ET
FCPT Announces Fourth Quarter 2023 Financial and Operating Results
Four Corners Property Trust, Inc. (“FCPT” or the “Company”, NYSE: FCPT) today announced financial results for the three months and twelve months ended December 31, 2023.
Feb 13, 2024 07:18 pm ET
FCPT Announces Acquisition of a Baptist Medical Group Primary Care Property for $9.7 Million
Four Corners Property Trust (NYSE: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 a Baptist Medical Group primary care property for $9.7 million. Baptist Medical Group’s parent company, Baptist Memorial Health Care, was founded in 1912 and is one of the largest not-for-profit healthcare systems in the United States. The property is located in a highly trafficked corridor in Tennessee and is corporate-operated under a long-ter
Jan 22, 2024 04:05 pm ET
FCPT Announces Tax Treatment of 2023 Distributions
Four Corners Property Trust, Inc. (NYSE: 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”), announced today the tax characterization of its 2023 common stock distributions as shown below.
Jan 08, 2024 04:05 pm ET
FCPT to Report Fourth Quarter 2023 Financial Results
Four Corners Property Trust (NYSE: FCPT), a real estate investment trust (REIT) primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), announced today that it will release financial results for the three months and twelve months ended December 31, 2023, after the market close on Wednesday, February 14, 2024. A conference call and audio webcast with analysts and investors will be held on Thursday, February 15 at 11:00 a.m. Eastern Time, to discuss the results. Details for the call are listed below.
Jan 05, 2024 05:22 pm ET
FCPT Announces Acquisition of Two Oak Street Health Properties for $4.2 Million
Four Corners Property Trust (NYSE: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 two Oak Street Health properties for $4.2 million. The properties are located in highly trafficked corridors in Iowa and Louisiana and are corporate-operated under long-term, net leases. The transaction was priced at a cap rate in range with previous FCPT transactions.
Dec 29, 2023 06:21 pm ET
FCPT Announces Sale-Leaseback of a Tire Discounters Property for $1.8 Million
Four Corners Property Trust (NYSE: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 a Tire Discounters property for $1.8 million via sale-leaseback transaction. Tire Discounters is the country’s largest family-owned and operated automotive service provider, with its brands currently operating over 200 locations and growing. The property is located in Kentucky, and is corporate-operated under a long-term, triple net lease. The t
Dec 28, 2023 05:48 pm ET
FCPT Announces Acquisition of Two Popeyes Properties for $4.7 Million
Four Corners Property Trust (NYSE: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 two Popeyes properties for $4.7 million. The properties are located in strong retail corridors in Arizona and Illinois and are occupied under a long-term, triple net lease with approximately 20 years of term remaining. The properties are in the final stages of construction but rent will commence immediately at close. The transaction was priced a
Dec 26, 2023 07:07 pm ET
FCPT Announces Sale-Leaseback of a Tire Discounters Property for $1.7 Million
Four Corners Property Trust (NYSE: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 a Tire Discounters property for $1.7 million via sale-leaseback transaction. Tire Discounters is the country’s largest family-owned and operated automotive service provider, with its brands currently operating over 200 locations and growing. The property is located in Ohio, and is corporate-operated under a long-term, triple net lease. The trans
Nov 10, 2023 05:03 pm ET
FCPT Announces Fourth Quarter 2023 Dividend
Four Corners Property Trust, Inc. (NYSE: FCPT) today announced that its Board of Directors declared a quarterly cash dividend of $0.3450 per share (equivalent to $1.38 per share per annum) for the fourth quarter of 2023. This represents a 1.5% increase from the prior quarter. The dividend is payable on January 12, 2024 to shareholders of record as of December 29, 2023.
Nov 08, 2023 04:05 pm ET
FCPT Announces Acquisition of a Taco Bell Property for $2.2 Million
Four Corners Property Trust (NYSE: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 a Taco Bell property for $2.2 million. The property is located in a strong retail corridor in Oklahoma and is franchisee-operated under a triple net lease to K-MAC Enterprises, LLC with approximately five years of term remaining. The transaction was priced at a 7.3% cap rate on rent as of the closing date and exclusive of transaction costs.
Nov 01, 2023 04:05 pm ET
FCPT Announces Third Quarter 2023 Financial and Operating Results
Four Corners Property Trust, Inc. (“FCPT” or the “Company”, NYSE: FCPT) today announced financial results for the three months and nine months ended September 30, 2023.
Oct 12, 2023 05:57 pm ET
FCPT Announces Acquisition of an Oak Street Health Property for $2.4 Million
Four Corners Property Trust (NYSE: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 Oak Street Health property for $2.4 million. The property is located in a highly trafficked corridor in Arkansas and is corporate-operated under a long-term, net lease. The transaction was priced at a cap rate in range with previous FCPT transactions.
Oct 03, 2023 04:05 pm ET
FCPT to Report Third Quarter 2023 Financial Results
Four Corners Property Trust (NYSE: FCPT), a real estate investment trust (REIT) primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), announced today that it will release financial results for the three months and nine months ended September 30, 2023, after the market close on Wednesday, November 1, 2023. A conference call and audio webcast with analysts and investors will be held on Thursday, November 2 at 11:00 a.m. Eastern Time, to discuss the results. Details for the call are listed below.
Oct 02, 2023 08:11 pm ET
FCPT Announces Disposition of a Red Lobster Property for $3.8 million
Four Corners Property Trust (NYSE: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 disposition of a Red Lobster property for $3.8 million. The property is located in Kentucky and is corporate-operated under a triple net lease. The transaction was priced at cap rate in range with previous FCPT dispositions. The Company plans to repurpose the proceeds into new investment opportunities consistent with FCPT thresholds.
Sep 28, 2023 05:49 pm ET
FCPT Announces Disposition of a Red Lobster Property for $5.3 Million
Four Corners Property Trust (NYSE: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 disposition of a Red Lobster property for $5.3 million. The property is located in Delaware and is corporate-operated under a triple net lease. The transaction was priced at cap rate in range with previous FCPT dispositions. The Company plans to repurpose the proceeds into new investment opportunities consistent with FCPT thresholds.
Sep 18, 2023 04:05 pm ET
FCPT Declares Third Quarter 2023 Dividend
Four Corners Property Trust, Inc. (NYSE: FCPT) today announced that its Board of Directors declared a quarterly cash dividend of $0.34 per share (equivalent to $1.36 per share per annum) for the third quarter of 2023. The dividend is payable on October 13, 2023 to shareholders of record as of September 29, 2023.
Sep 01, 2023 04:05 pm ET
FCPT Announces Disposition of a Red Lobster Property for $5.9 Million
Four Corners Property Trust (NYSE: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 disposition of a Red Lobster property for $5.9 million. The property is located in Minnesota and is corporate-operated under a triple net lease. The transaction was priced at a cap rate in range with previous FCPT dispositions. The Company plans to repurpose the proceeds into new investment opportunities consistent with FCPT thresholds.
Aug 30, 2023 07:49 pm ET
FCPT Announces Acquisition of a Three Property Developer Portfolio for $5.2 million
Four Corners Property Trust (NYSE: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 three newly built properties for $5.2 million. The portfolio spans three brands: Aspen Dental, Starbucks, and WellNow Urgent Care. The properties are newly constructed and located in a strong retail corridor in Michigan and are all corporate-operated under long-term net leases. The transaction was priced at a 6.9% cap rate on rent as of the clos
Aug 15, 2023 06:34 pm ET
FCPT Announces Sale-Leaseback of Four Tire Discounters Properties for $9.1 Million
Four Corners Property Trust (NYSE: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 four Tire Discounters properties for $9.1 million via sale-leaseback transaction. Tire Discounters is the country’s largest family-owned and operated automotive service provider, currently operating over 200 retail locations and growing. The properties are located in Virginia (2), Georgia (1), and Ohio (1), and are corporate-operated under long-
Aug 07, 2023 05:01 pm ET
FCPT Announces Acquisition of a Jiffy Lube Property for $1.6 Million
Four Corners Property Trust (NYSE: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 a Jiffy Lube property for $1.6 million. The property is located in a strong retail corridor in Iowa and is occupied under a long-term triple net lease with approximately 12 years of term remaining. The transaction was priced at a 7.0% cap rate on rent as of the closing date, exclusive of transaction costs.
Aug 03, 2023 11:32 pm ET
FCPT Announces Acquisition of a Dual-Tenant Aspen Dental and WellNow Urgent Care Property for $3.3 million
Four Corners Property Trust (NYSE: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 a dual-tenant Aspen Dental and WellNow Urgent Care property for $3.3 million. The property is located in a retail corridor in New York and is occupied under a long-term net lease. The transaction was priced at a cap rate in range with previous FCPT transactions.
Aug 01, 2023 04:05 pm ET
FCPT Announces Second Quarter 2023 Financial and Operating Results
Four Corners Property Trust, Inc. (“FCPT” or the “Company”) (NYSE: FCPT) today announced financial results for the three months and six months ended June 30, 2023.
Jul 21, 2023 05:50 pm ET
FCPT Announces Acquisition of a Covenant Health Emergency Room for $8.7 Million
Four Corners Property Trust (NYSE: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 a Covenant Health Emergency Room for $8.7 million. Covenant Health is part of the larger Providence Health & Services health care system. The property is located in a strong retail corridor in Texas and is corporate-operated under a net lease with approximately seven years of term remaining. The transaction was priced at a 7.0% cap rate on rent
Jul 14, 2023 04:15 pm ET
FCPT Announces Acquisition of a Four Property Developer Portfolio for $17.9 million
Four Corners Property Trust (NYSE: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 four newly built properties for $17.9 million. The portfolio spans eight brands and nine leases: Starbucks (2), Aspen Dental, Bronson Health, Great Clips, Mattress Firm, Oak Street Health, Taco Bell, and WellNow Urgent Care. The properties are newly constructed and located in strong retail corridors in MI and IN and are occupied under long-term
Jul 11, 2023 06:07 pm ET
FCPT Announces Acquisition of a Fast Pace Urgent Care Property for $2.3 million
Four Corners Property Trust (NYSE: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 a Fast Pace Urgent Care property for $2.3 million. The property is located in a retail corridor in Louisiana and is occupied under a long-term net lease. The transaction was priced at a cap rate in range with previous FCPT transactions.
Jul 11, 2023 05:33 pm ET
FCPT Announces Acquisition of two Wawa properties for $2.5 million
Four Corners Property Trust (NYSE: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 two Wawa properties for $2.5 million. The properties are located in strong retail corridors in New Jersey and are corporate-operated under a long-term, triple net lease with a weighted average of 1.4 years of term remaining. The transaction was priced at a 6.7% cap rate on rent as of the closing date, exclusive of transaction costs.
Jul 10, 2023 04:05 pm ET
FCPT to Report Second Quarter 2023 Financial Results
Four Corners Property Trust (NYSE: FCPT), a real estate investment trust (REIT) primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), announced today that it will release financial results for the three months and six months ended June 30, 2023, after the market close on Tuesday, August 1, 2023. A conference call and audio webcast with analysts and investors will be held on Wednesday, August 2 at 11:00 a.m. Eastern Time, to discuss the results. Details for the call are listed below.
Jul 06, 2023 05:18 pm ET
FCPT Closes Acquisition of 13 Darden Restaurant Properties for $79.5 Million and Announces Year-to-Date Acquisition Volume Totals of $269.1 Million
Four Corners Property Trust (NYSE: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”), closed on the purchase of 13 corporate-operated Darden restaurant properties (12 Cheddar’s Scratch Kitchen properties and 1 Olive Garden property) for a purchase price of $79.5 million on initial full year cash rent of approximately $5.0 million. This was part of the previously announced transaction in May 2023. The Company may acquire one additional Cheddar’s Scratch Kitchen property i
Jun 30, 2023 05:54 pm ET
FCPT Announces Acquisition of a WellNow Property and a T-Mobile Property for $4.0 Million
Four Corners Property Trust (NYSE: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 a WellNow property and a T-Mobile property for $4.0 million. The properties are located in a strong retail corridor in New York and are occupied under long-term net leases. The transaction was priced at a cap rate in range with previous FCPT transactions.
Jun 30, 2023 05:47 pm ET
FCPT Announces Acquisition of an Optima Dermatology clinic for $9.3 Million
Four Corners Property Trust (NYSE: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 Optima Dermatology clinic for $9.3 million. The property is located in a retail corridor in New Hampshire and is occupied under a corporate, triple net lease with approximately 15 years of term remaining. The transaction was priced at a 7.0% cap rate on rent as of the closing date, exclusive of transaction costs.
Jun 30, 2023 04:35 pm ET
FCPT Announces Sale-Leaseback of Two Tire Discounters Properties for $5.3 Million
Four Corners Property Trust (NYSE: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 two Tire Discounters properties for $5.3 million via sale-leaseback transaction. Tire Discounters is the country’s largest family-owned and operated automotive service provider, currently operating over 200 retail locations and growing. The properties are located in North Carolina and Virginia and are corporate-operated under long-term, triple n
Jun 29, 2023 06:01 pm ET
FCPT Announces Sale Leaseback of Nine Car Wash properties from Top Five Operator for $40 Million
Four Corners Property Trust (NYSE: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 nine car wash properties for $40 million from a top five operator via a sale-leaseback. The properties are located in strong retail corridors in Florida, Indiana, Louisiana, Ohio, Oklahoma, and South Carolina. The sites are corporate-operated under a long-term, triple net master lease. The transaction was priced at a cap rate in range with previ
Jun 27, 2023 05:50 pm ET
FCPT Announces Acquisition of an Olive Garden Property for $3.4 Million
Four Corners Property Trust (NYSE: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 Olive Garden property for $3.4 million. The property is located in a strong retail corridor in Indiana and is corporate-operated under a long-term, triple net lease with approximately nine years of term remaining. The transaction was priced at a 6.5% cap rate on rent as of the closing date and exclusive of transaction costs.
Jun 26, 2023 04:05 pm ET
FCPT Announces Acquisition of a National Veterinary Alliance Property for $7.8 Million
Four Corners Property Trust (NYSE: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 a National Veterinary Alliance property for $7.8 million. The property is newly constructed and located in a highly trafficked corridor in Pennsylvania and is corporate-operated under a triple net lease with 15 years of term remaining. The transaction was priced at a 6.5% cap rate, exclusive of transaction costs.
Jun 23, 2023 04:05 pm ET
FCPT Announces Acquisition of a Texas Roadhouse Property for $3.7 Million
Four Corners Property Trust (NYSE: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 a Texas Roadhouse property for $3.7 million. The property is located in a strong retail corridor in Wisconsin under a triple net lease. The transaction was priced at a cap rate in range with previous FCPT transactions.
Jun 22, 2023 07:33 pm ET
FCPT Announces Acquisition of a Bojangles’ Property for $1.4 Million
Four Corners Property Trust (NYSE: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 a Bojangles’ property for $1.4 million. The property is located in a strong retail corridor in North Carolina and is occupied under a triple net lease with approximately 10 years of term remaining. The transaction was priced at a 6.7% cap rate on rent as of the closing date, exclusive of transaction costs.
Jun 22, 2023 04:05 pm ET
FCPT Announces Acquisition of Three Mo’Bettahs Properties for $6.6 Million
Four Corners Property Trust (NYSE: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 three Mo’Bettahs properties for $6.6 million. Established in 2008, Mo’Bettahs is a Hawaiian-style quick service restaurant backed by Savory Brands. The properties are newly constructed and located in strong retail corridors in Kansas, Missouri, and Oklahoma and are occupied under a long-term, triple net lease with approximately 15 years of term
Jun 20, 2023 08:49 pm ET
FCPT Announces Acquisition of Five Oak Street Health Properties for $24.3 Million
Four Corners Property Trust (NYSE: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 five Oak Street Health properties for $24.3 million. The properties are located in strong retail corridors in Illinois and Indiana and are corporate-operated under net leases. The transaction was priced at a cap rate in range with previous FCPT transactions.
Jun 14, 2023 05:59 pm ET
FCPT Announces Acquisition of a Fast Pace Health Property for $2.1 Million
Four Corners Property Trust (NYSE: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 a Fast Pace Health property for $2.1 million. The property is newly constructed and located in a strong retail corridor in Louisiana and is occupied under a long-term net lease. The transaction was priced at a cap rate in range with previous FCPT transactions.
Jun 14, 2023 04:05 pm ET
FCPT Declares Second Quarter 2023 Dividend
Four Corners Property Trust, Inc. (NYSE: FCPT) today announced that its Board of Directors declared a quarterly cash dividend of $0.34 per share (equivalent to $1.36 per share per annum) for the second quarter of 2023. The dividend is payable on July 14, 2023 to shareholders of record as of June 30, 2023.
Jun 09, 2023 07:05 pm ET
FCPT Announces Disposition of a Burger King Property for $2.1 Million
Four Corners Property Trust (NYSE: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 disposition of a Burger King property for $2.1 million. The property is located in Virginia and is operated by Carrols Restaurant Group under a triple net lease with approximately 14 years of term remaining. The transaction was priced at a 6.6% cap rate on current rent, exclusive of transaction costs, and will result in an immaterial gain to FCPT. The company
Jun 06, 2023 04:38 pm ET
FCPT Announces Acquisition of a Fresenius Medical Care Property for $2.6 Million
Four Corners Property Trust (NYSE: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 a Fresenius Medical Care property for $2.6 million. The property is located in Georgia and is corporate-operated under a triple net lease with approximately three years of term remaining. The transaction was priced at a 6.9% cap rate, exclusive of transaction costs.
Jun 05, 2023 06:41 pm ET
FCPT Announces Sale Leaseback of Three W.W. Williams Properties for $10.3 Million
Four Corners Property Trust (NYSE: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 three W.W. Williams properties for $10.3 million via a sale-leaseback. Founded in 1912 in Columbus, Ohio, W.W. Williams is one of the nation’s largest truck and equipment servicers. The properties are located in strong industrial corridors in Michigan and Ohio and are corporate-operated under long-term, triple net leases with approximately 15 ye
Jun 05, 2023 09:15 am ET
FCPT Prices $100 Million Private Placement of Senior Unsecured Notes
Four Corners Property Trust, Inc. (“FCPT” or the “Company”, NYSE: FCPT) today announced that it has entered into agreements to issue $100 million of senior unsecured notes (the “Notes”). The Notes have a ten-year term and are priced at a fixed interest rate of 6.44%. In connection with the offering of the Notes, the Company terminated interest rate swaps entered into previously to hedge the interest rate of this offering. This resulted in a gain of $8.1 million for the Company and a 5.39% yield to maturity including the gain. The gain will be amortized straight line over the life of the Notes
May 31, 2023 07:28 pm ET
FCPT Announces Acquisition of a Dual-Tenant Outback Steakhouse and Hook & Reel Property from Seritage for $5.2 Million
Four Corners Property Trust (NYSE: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 a dual-tenant Outback Steakhouse and Hook & Reel property for $5.2 million from Seritage Growth Properties (“Seritage”). The property is located in a strong retail corridor in Ohio and is under net leases. The transaction was priced at a cap rate in range with previous FCPT transactions.
May 31, 2023 07:23 pm ET
FCPT Announces Acquisition of a National Veterinary Associates Property for $1.4 Million
Four Corners Property Trust (NYSE: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 a National Veterinary Associates (“NVA”) property for $1.4 million. The property is located in Washington and is corporate-operated under a new long-term, triple net lease with annual rent bumps. The transaction was priced at a cap rate in range with previous FCPT transactions.
May 24, 2023 04:16 pm ET
FCPT Announces Agreement to Acquire Up to 14 Darden Restaurant Properties for $85 Million
Four Corners Property Trust (NYSE: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 signing of a definitive agreement to acquire up to 14 Darden restaurant properties (13 Cheddar’s Scratch Kitchen properties and 1 Olive Garden property) for a purchase price of up to $85.0 million on initial cash rent of up to approximately $5.35 million.
May 19, 2023 06:05 pm ET
FCPT Announces Acquisition of a McAlister’s Deli property for $2.8 million
Four Corners Property Trust (NYSE: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 a McAlister’s Deli property for $2.8 million. The property is located in a strong retail corridor in South Carolina and occupied under a long-term, triple net lease with approximately ten years of term remaining. The transaction was priced at a 6.5% cap rate on rent as of the closing date and exclusive of transaction costs.
May 18, 2023 04:05 pm ET
FCPT Announces Acquisition of a Heartland Dental Property for $2.6 Million
Four Corners Property Trust (NYSE: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 a Heartland Dental property for $2.6 million. The property is located in a strong retail corridor in Missouri and is occupied under a long-term, triple net lease with approximately five years of term remaining. The transaction was priced at a 7.0% cap rate including rent credits received at closing, or a 6.8% cap rate on rent as of the closing d
May 17, 2023 06:57 pm ET
FCPT Announces Acquisition of two Fast Pace Health Properties for $4.9 Million
Four Corners Property Trust (NYSE: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 two Fast Pace Health properties for $4.9 million. Fast Pace Health is an urgent care provider with more than 200 healthcare centers throughout the United States. The properties are newly constructed and located in strong retail corridors in Indiana and Louisiana and are occupied under long-term, net leases. The transaction was priced at a cap ra
May 15, 2023 06:30 pm ET
FCPT Announces Acquisition of a National Veterinary Associates Property for $637,000
Four Corners Property Trust (NYSE: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 a National Veterinary Associates (“NVA”) property for $637,000. FCPT will also be contributing a tenant allowance of up to $421,000 to NVA for their work on the property, the actual amount of which will be determined based on final remodeling costs. The property is located in Alaska and is corporate-operated under a new triple net lease to NVA w
May 12, 2023 04:57 pm ET
FCPT Announces Acquisition of a Chili’s Property for $3.3 million
Four Corners Property Trust (NYSE: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 a Chili’s property for $3.3 million. The property is located in a strong retail corridor in Virginia and is corporate-operated under a triple net lease with approximately three years of term remaining. The transaction was priced at a 6.7% cap rate, exclusive of transaction costs.
May 05, 2023 04:05 pm ET
FCPT Announces Acquisition of a Brookshire Brothers Grocery Store for $3.0 Million
Four Corners Property Trust (NYSE: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 a Brookshire Brothers grocery store property for $3.0 million. Founded in 1921, Brookshire Brothers is an employee-owned grocery store chain with over 100 locations in Texas and Louisiana. The property is located in a strong retail corridor in Texas and is occupied under a long-term, triple net lease with approximately four years of term remaini
May 01, 2023 04:05 pm ET
FCPT Announces First Quarter 2023 Financial and Operating Results
Four Corners Property Trust, Inc. (“FCPT” or the “Company”, NYSE: FCPT) today announced financial results for the three months ended March 31, 2023.
Apr 28, 2023 05:45 pm ET
FCPT Announces Acquisition of a NAPA Auto Parts Property for $1.3 Million
Four Corners Property Trust (NYSE: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 a NAPA Auto Parts property for $1.3 million. The property is in a strong retail corridor in Nebraska and is occupied under a net lease with approximately two years of term remaining. The transaction was priced at a 7.0% cap rate, exclusive of transaction costs.
Apr 26, 2023 05:08 pm ET
FCPT Announces Acquisition of an Arby’s Property for $1.2 Million
Four Corners Property Trust (NYSE: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 Arby’s property for $1.2 million. The property is located in a highly trafficked corridor in Kentucky and is corporate-operated under a triple net lease with approximately five years of term remaining. The transaction was priced at a 6.7% cap rate, exclusive of transaction costs.
Apr 21, 2023 04:54 pm ET
FCPT Announces Acquisition of a VillageMD Property for $2.6 Million
Four Corners Property Trust (NYSE: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 a VillageMD property for $2.6 million. The property is located in a highly trafficked corridor in Illinois and is corporate-operated under a net lease with approximately five years of term remaining. The transaction was priced at a 6.8% cap rate on rent as of the closing date, exclusive of transaction costs.
Apr 20, 2023 04:35 pm ET
FCPT Announces Acquisition of a HCA Emergency Room property for $4.6 million
Four Corners Property Trust (NYSE: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 a HCA Emergency Room property for $4.6 million. The property is located in a strong retail corridor in Texas and is occupied under a long-term, net lease with approximately nine years of term remaining. The transaction was priced at a 6.8% cap exclusive of transaction costs.
Apr 19, 2023 04:51 pm ET
FCPT Announces Acquisition of a WellNow Urgent Care Property for $2.4 million
Four Corners Property Trust (NYSE: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 a WellNow Urgent Care property for $2.4 million. The property is newly constructed and located in a strong retail corridor in Indiana and is corporate-operated under a net lease. The transaction was priced at a cap rate in range with previous FCPT transactions.
Apr 11, 2023 06:39 pm ET
FCPT Announces Investment in a Cooper’s Hawk Restaurant Property for $7.8 million
Four Corners Property Trust (NYSE: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 a Cooper’s Hawk restaurant property for a total investment of $7.8 million, including tenant improvement allowances. The property is located in a strong retail corridor in Illinois and is corporate-operated under a new long-term triple net lease. The transaction was priced at a cap rate in line with previous FCPT transactions.
Apr 11, 2023 04:05 pm ET
FCPT to Report First Quarter 2023 Financial Results
Four Corners Property Trust (NYSE: FCPT), a real estate investment trust (REIT) primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), announced today that it will release financial results for the three months ended March 31, 2023, after the market close on Monday, May 1, 2023. A conference call and audio webcast with analysts and investors will be held on Tuesday, May 2 at 11:30 a.m. Eastern Time, to discuss the results. Details for the call are listed below.
Apr 10, 2023 06:29 pm ET
FCPT Announces Acquisition of a Midwest Orthopedic Network property for $4.3 million
Four Corners Property Trust (NYSE: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 a Midwest Orthopedic Network property for $4.3 million. The property is in a strong medical corridor in Wisconsin and is corporate-operated under a net lease with approximately four years of term remaining and annual rent increases of 2.5%. The transaction was priced at a 8.1% cap rate exclusive of transaction costs.
Apr 06, 2023 06:26 pm ET
FCPT Announces Acquisition of a VCA Animal Hospital Property for $1.2 million
Four Corners Property Trust (NYSE: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 a VCA Animal Hospital property for $1.2 million. The property is located in Virginia and is corporate-operated under a net lease with approximately three years of term remaining. The transaction was priced at a 7.6% cap rate, exclusive of transaction costs.
Mar 31, 2023 06:18 pm ET
FCPT Announces Acquisition of a WellNow Urgent Care Property for $2.5 million
Four Corners Property Trust (NYSE: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 a WellNow Urgent Care property for $2.5 million. The property is newly constructed and located in a strong retail corridor in Indiana and is corporate-operated under a long-term, net lease. The transaction was priced at a cap rate in range with previous FCPT transactions.
Mar 27, 2023 05:53 pm ET
FCPT Announces Acquisition of a Methodist Le Bonheur Pediatric Clinic for $3.3 million
Four Corners Property Trust (NYSE: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 a Methodist Le Bonheur Pediatric Clinic property for $3.3 million. The property is located in a strong retail corridor in Tennessee and is occupied under a net lease with approximately four years of term remaining. The transaction was priced at a 6.9% cap rate on rent as of the closing date, exclusive of transaction costs.
Mar 23, 2023 06:43 pm ET
FCPT Announces Acquisition of a Chili’s Property for Under $1 million
Four Corners Property Trust (NYSE: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 a Chili’s property for under $1 million. The property is located in New York and is corporate-operated under a triple net lease with approximately four years of term remaining. The transaction was priced at a cap rate in range with previous FCPT transactions.
Mar 20, 2023 04:05 pm ET
FCPT Announces Acquisition of a WellNow Urgent Care Center for $2.2 million
Four Corners Property Trust (NYSE: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 a WellNow Urgent Care center for $2.2 million. The property is located in a strong retail corridor in Indiana and is corporate-operated. The transaction was priced at a cap rate in range with previous FCPT transactions.
Mar 14, 2023 05:34 pm ET
FCPT Announces Acquisition of an Aspen Dental for $1.9 million
Four Corners Property Trust (NYSE: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 Aspen Dental property for $1.9 million. The property is located in a strong retail corridor in New Mexico and is corporate-operated. The transaction was priced at a cap rate in range with previous FCPT transactions.
Mar 13, 2023 06:23 pm ET
FCPT Announces Acquisition of a WellNow Urgent Care Property for $2.1 Million
Four Corners Property Trust (NYSE: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 a WellNow Urgent Care property for $2.1 million. The property is newly constructed and located in a strong retail corridor in New York. The transaction was priced at a cap rate in range with previous FCPT transactions.
Mar 13, 2023 04:05 pm ET
FCPT Declares First Quarter 2023 Dividend
Four Corners Property Trust, Inc. (NYSE: FCPT) today announced that its Board of Directors declared a quarterly cash dividend of $0.34 per share (equivalent to $1.36 per share per annum) for the first quarter of 2023. The dividend is payable on April 14, 2023 to shareholders of record as of March 31, 2023.
Mar 10, 2023 04:05 pm ET
FCPT Appoints Barbara Jesuele to the Board of Directors
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), announced today that Barbara Jesuele has been appointed to the Company’s Board of Directors (the “Board”), effective March 9, 2023.
Mar 03, 2023 04:05 pm ET
FCPT Announces Acquisition of a NAPA Auto Parts Property for $935,000
Four Corners Property Trust (NYSE: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 a NAPA Auto Parts property for $935,000. The property is in a strong retail corridor in Indiana and is occupied under a net lease with approximately four years of term remaining. The transaction was priced at a 6.9% cap rate, exclusive of transaction costs.
Feb 28, 2023 04:05 pm ET
FCPT Announces Acquisition of a Heartland Dental for $2.2 Million
Four Corners Property Trust (NYSE: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 a Heartland Dental property for $2.2 million. The property is located in a strong retail corridor in South Carolina and is corporate-operated under a long-term net lease with approximately seven years of term remaining. The transaction was priced at a 7.0% cap rate on rent as of the closing date, exclusive of transaction costs.
Feb 15, 2023 05:34 pm ET
FCPT Announces Acquisition of Two Caliber Collision Properties for $3.8 Million
Four Corners Property Trust (NYSE: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 two Caliber Collision properties for $3.8 million. The properties are located in highly trafficked corridors in Illinois and are corporate-operated under long-term net leases with seven years of term remaining. The transaction was priced at a 6.7% cap rate on rent as of the closing date, exclusive of transaction costs.
Feb 15, 2023 04:06 pm ET
FCPT Announces Disposition of a Burger King Property for $2.4 Million
Four Corners Property Trust (NYSE: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 disposition of a Burger King property for $2.4 million. The property is located in Alabama and is operated by Carrols Restaurant Group under a triple net lease with approximately fourteen years of term remaining. The transaction was priced at a 5.7% cap rate on current rent, exclusive of transaction costs, and will result in an immaterial gain to FCPT. The com
Feb 15, 2023 04:05 pm ET
FCPT Announces Fourth Quarter 2022 Financial and Operating Results
Four Corners Property Trust, Inc. (“FCPT” or the “Company”, NYSE: FCPT) today announced financial results for the three months and year ended December 31, 2022.
Jan 23, 2023 05:16 pm ET
FCPT Announces Promotion of James Brat to Chief Operations Officer
Four Corners Property Trust (NYSE: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”), announced today that it has promoted James Brat to serve as FCPT’s Chief Operations Officer. Mr. Brat joined FCPT at its inception in November 2015 as General Counsel and was promoted to Chief Transaction Officer in January 2020.
Jan 19, 2023 06:40 pm ET
FCPT Announces Tax Treatment of 2022 Distributions
Four Corners Property Trust, Inc. (NYSE: 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”), announced today the tax characterization of its 2022 common stock distributions as shown below.
Jan 17, 2023 06:19 pm ET
FCPT Announces Disposition of a Red Lobster Property for $4.7 Million
Four Corners Property Trust (NYSE: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 disposition of a Red Lobster property for $4.7 million. The property is located in North Dakota and is corporate-operated under a triple net lease. The transaction was priced at cap rate in range with previous FCPT dispositions. The Company plans to repurpose the proceeds into new investment opportunities consistent with FCPT thresholds.
Jan 12, 2023 04:05 pm ET
FCPT to Report Fourth Quarter 2022 Financial Results
Four Corners Property Trust (NYSE: FCPT), a real estate investment trust (REIT) primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), announced today that it will release financial results for the three months and year ended December 31, 2022, after the market close on Wednesday, February 15, 2023. A conference call and audio webcast with analysts and investors will be held on Thursday, February 16 at 11:00 a.m. Eastern Time, to discuss the results. Details for the call are listed below.
Jan 06, 2023 05:53 pm ET
FCPT Announces Disposition of a Red Lobster Property for $5.1 Million
Four Corners Property Trust (NYSE: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 disposition of a Red Lobster property for $5.1 million. The property is located in Pennsylvania and is corporate-operated under a triple net lease. The transaction was priced at cap rate in range with previous FCPT dispositions. The Company plans to repurpose the proceeds into new investment opportunities consistent with FCPT thresholds.
Dec 29, 2022 07:48 pm ET
FCPT Announces Acquisition of a Portfolio of Three Properties for $11.5 Million
Four Corners Property Trust (NYSE: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 three properties leased to Aspen Dental, Addus Homecare, AT&T, WellNow, and Banfield Pet Hospital for $11.5 million. The properties are located in a strong retail corridor in Illinois. The tenants are all corporate-operated under net leases with a weighted average five years of term remaining. The transaction was priced at a 6.8% cap rate on ren
Dec 28, 2022 05:43 pm ET
FCPT Announces Acquisition of a Red Lobster Property and a Smokey Bones Property for $6.9 million
Four Corners Property Trust (NYSE: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 a Red Lobster property and a Smokey Bones property for $6.9 million. The properties are located in a highly trafficked corridor in New York and are corporate-operated under triple net leases with a weighted average of 2.5 years of term remaining. The transaction was priced at a 6.5% cap rate, exclusive of transaction costs.
Dec 23, 2022 05:57 pm ET
FCPT Announces Acquisition of a four-property Buffalo Wild Wings portfolio for $14.3 million
Four Corners Property Trust (NYSE: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 four Buffalo Wild Wings properties for $14.3 million. The properties are located in strong retail corridors in Illinois and are under individual long-term, triple net leases each with approximately nine years of term remaining. The transaction was priced at a 7.3% cap rate on rent as of the closing date and exclusive of transaction costs.
Dec 20, 2022 07:07 pm ET
FCPT Announces Acquisition of a WellNow Urgent Care Property for $2.4 Million
Four Corners Property Trust (NYSE: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 a WellNow Urgent Care property for $2.4 million. The property is newly constructed and located in a strong retail corridor in Michigan. It is corporate-operated under a net lease with 10 years of term remaining. The transaction was priced at a 6.3% cap rate on rent as of the closing date, exclusive of transaction costs.
Dec 20, 2022 06:34 pm ET
FCPT Announces Sale Leaseback of Five Jiffy Lube Properties for $7.9 million
Four Corners Property Trust (NYSE: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 five Jiffy Lube properties for $7.9 million. The properties are located in highly trafficked corridors in Indiana and are occupied under long-term triple net leases with 15 years of term remaining, and 10% rent increases every five years. The transaction was priced at a 6.5% cap rate on rent as of the closing date, exclusive of transaction costs
Dec 20, 2022 04:05 pm ET
FCPT Announces Acquisition of a Gerber Collision & Glass Property for $2.8 million
Four Corners Property Trust (NYSE: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 a Gerber Collision & Glass property for $2.8 million. The property is located in a strong retail corridor in Texas and is corporate-operated under a net lease with approximately four years of term remaining. The transaction was priced at a 7.3% cap rate, exclusive of transaction costs.
Dec 19, 2022 07:07 pm ET
FCPT Announces Acquisition of a Cooper’s Hawk Restaurant Property for $6.9 million
Four Corners Property Trust (NYSE: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 a Cooper’s Hawk Restaurant property for $6.9 million. Cooper’s Hawk is a fine dining restaurant brand with over 60
Dec 15, 2022 05:26 pm ET
FCPT Announces Disposition of a Red Lobster Property for $4.9 Million
Four Corners Property Trust (NYSE: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 disposition of a Red Lobster property for $4.9 million. The property is located in Ohio and is corporate-operated under a triple net lease. The transaction was priced at cap rate in range with previous FCPT dispositions. The company plans to repurpose the proceeds into new investment opportunities consistent with FCPT thresholds.
Dec 12, 2022 06:37 pm ET
FCPT Announces Acquisition of Three Sun Auto Tire & Service Properties for $9.1 Million
Four Corners Property Trust (NYSE: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 three Sun Auto Tire & Service properties for $9.1 million. The properties are located in strong retail corridors in Missouri and are corporate-operated under long-term, triple net leases. The transaction was priced at a cap rate in range with previous FCPT transactions.
Dec 02, 2022 04:05 pm ET
FCPT Announces Acquisition of a Cheesecake Factory Property and a Dual-tenant Starbucks and AT&T Property for $12.3 Million
Four Corners Property Trust (NYSE: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 a Cheesecake Factory property and a dual-tenant Starbucks and AT&T property for $12.3 million. The properties are located in a highly trafficked corridor in Kansas and are corporate-operated under net leases with a weighted average of approximately seven years of term remaining. The transaction was priced at a 6.6% cap rate, exclusive of transac
Nov 30, 2022 04:57 pm ET
FCPT Announces Acquisition of a Bubba’s 33 Restaurant Property for $3.1 Million
Four Corners Property Trust (NYSE: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 a Bubba’s 33 restaurant property for $3.1 million from the transaction previously announced in July 2022. The property is newly constructed and located in a highly trafficked corridor in Texas and is corporate-operated under a triple net lease with approximately 10 years of term remaining. The transaction was priced at a cap rate in range with p
Nov 29, 2022 05:41 pm ET
FCPT Announces Acquisition of Two WellNow Urgent Care Properties for $6.4 Million
Four Corners Property Trust (NYSE: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 two WellNow Urgent Care properties for $6.4 million from ComptonAddy. The properties are newly constructed and located in strong retail corridors in Ohio. They are corporate-operated under net leases with 10 years of term remaining. The transaction was priced at a 6.2% cap rate on rent as of the closing date, exclusive of transaction costs.
Nov 29, 2022 04:57 pm ET
FCPT Announces Acquisition of a Portfolio of 3 Caliber Collision Properties for $5.4 Million
Four Corners Property Trust (NYSE: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 three Caliber Collision properties for $5.4 million. The properties are located in highly trafficked corridors in Indiana and are corporate-operated under net leases with a weighted average of approximately five years of term remaining. The transaction was priced at a 7.0% cap rate, exclusive of transaction costs.
Nov 22, 2022 05:58 pm ET
FCPT Announces Acquisition of a Chili’s Property from Seritage Transaction for $2.6 million
Four Corners Property Trust (NYSE: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 a Chili’s property for $2.6 million from the Seritage transaction previously announced in October 2019 and expanded in August 2020. The property is located in a strong retail corridor in Florida and is under a triple net lease. The transaction was priced at a cap rate in range with previous FCPT transactions.
Nov 22, 2022 04:05 pm ET
FCPT Announces Acquisition of a Firestone Property for $1.7 Million
Four Corners Property Trust (NYSE: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 a Firestone property for $1.7 million. The property is located in a highly trafficked corridor in Missouri and is corporate-operated under a net lease with approximately 5 years of term remaining. The transaction was priced at a 6.7% cap rate on rent as of the closing date, exclusive of transaction costs.
Nov 21, 2022 05:16 pm ET
FCPT Announces Acquisition of a BarnesCare Clinic for $1.8 million
Four Corners Property Trust (NYSE: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 a BarnesCare occupational medicine clinic for $1.8 million. The property is located in a highly trafficked corridor in Missouri and is corporate-operated under a net lease. The transaction was priced at a cap rate in range with previous FCPT transactions.
Nov 17, 2022 06:30 pm ET
FCPT Announces Acquisition of a Caliber Collision Property for $6.1 Million
Four Corners Property Trust (NYSE: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 a Caliber Collision property for $6.1 million. The property is located in a strong retail corridor in Tennessee and is corporate operated under a net lease with approximately seven years of term remaining. The transaction was priced at a 6.7% cap rate including near term rent increases, credits received at closing, and exclusive of transaction c
Nov 15, 2022 06:45 pm ET
FCPT Announces Acquisition of a Caliber Collision Property for $1.3 Million
Four Corners Property Trust (NYSE: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 a Caliber Collision property for $1.3 million. The property is located in a strong retail corridor in Kentucky and is corporate operated under a net lease with approximately seven years of term remaining. The transaction was priced at a 6.7% cap rate including near term rent increases, credits received at closing, and exclusive of transaction co
Nov 14, 2022 06:08 pm ET
FCPT Announces Acquisition of a Whataburger Property for $1.2 million
Four Corners Property Trust (NYSE: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 a Whataburger property for $1.2 million. The property is in a highly trafficked corridor in Florida and is corporate-operated under a triple net lease with approximately three years of term remaining. The transaction was priced at a 6.3% cap rate, exclusive of transaction costs.
Nov 14, 2022 04:05 pm ET
FCPT Announces Fourth Quarter 2022 Dividend
Four Corners Property Trust, Inc. (NYSE: FCPT) today announced that its Board of Directors declared a quarterly cash dividend of $0.34 per share (equivalent to $1.36 per share per annum) for the fourth quarter of 2022. This represents a 2.3% increase from the prior quarter. The dividend is payable on January 13, 2023 to shareholders of record as of December 30, 2022.
Nov 01, 2022 04:05 pm ET
FCPT Announces Third Quarter 2022 Financial and Operating Results
Four Corners Property Trust, Inc. (“FCPT” or the “Company”) (NYSE: FCPT) today announced financial results for the three and nine months ended September 30, 2022.
Oct 25, 2022 05:08 pm ET
FCPT Announces Upsizing and Extension of Unsecured Credit Facility
Four Corners Property Trust (NYSE: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”), announced today that the Company entered into a Third Amended and Restated Revolving Credit and Term Loan Agreement with a group of existing and new lenders. The amendment increases the overall size of the facility from $650 million to $680 million, and repaid $150 million of loans maturing in 2023 and 2024 with a new $90 million term loan maturing in 2027 (the “2027 Term Loan”)
Oct 20, 2022 07:20 pm ET
FCPT Announces Eric S. Hirschhorn Has Resigned From Its Board of Directors
Four Corners Property Trust (NYSE: FCPT), a real estate investment trust (REIT) primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), announced today that Eric S. Hirschhorn has resigned from his role as an independent director of the Company’s Board of Directors (“Board”) to focus on other business endeavors.
Oct 19, 2022 05:58 pm ET
FCPT Announces Acquisition of a NAPA Auto Parts Property for $1.4 Million
Four Corners Property Trust (NYSE: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 a NAPA Auto Parts property for $1.4 million. The property is in a strong retail corridor in Kansas and is occupied under a triple net lease with approximately two years of term remaining. The transaction was priced at a 6.6% cap rate, exclusive of transaction costs.
Oct 19, 2022 04:24 pm ET
FCPT Announces Acquisition of a Torchy’s Tacos Property from Seritage Transaction for $2.2 Million
Four Corners Property Trust (NYSE: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 a Torchy’s Tacos property for $2.2 million from the Seritage transaction previously announced in October 2019 and expanded in August 2020. The property is located in a strong retail corridor in Florida and is corporate-operated under a triple net lease with approximately 6 years of term remaining. The transaction was priced at a cap rate in rang
Oct 19, 2022 04:05 pm ET
FCPT Announces Acquisition of a Tires Plus Property for $2.1 Million
Four Corners Property Trust (NYSE: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 a Tires Plus property for $2.1 million. The property is located in a strong retail corridor in Ohio and is corporate-operated under a triple net lease with approximately 5 years of term remaining and annual rent increases of 2%. The transaction was priced at a 6.5%, exclusive of transaction costs.
Oct 17, 2022 04:05 pm ET
FCPT Announces Acquisition of a NAPA Auto Parts property for $829,000
Four Corners Property Trust (NYSE: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 a NAPA Auto Parts property for $829,000. The property is located in Michigan and is corporate-operated under a net lease with approximately three years of term remaining. The transaction was priced at a 7.9% cap rate, exclusive of transaction costs.
Oct 13, 2022 04:56 pm ET
FCPT Announces Acquisition of an Advance Auto Parts Property for $715,000
Four Corners Property Trust (NYSE: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 Advance Auto Parts property for $715,000. The property is located in a highly trafficked corridor in Michigan and is occupied under a net lease to the corporate entity with approximately three years of term remaining. The transaction was priced at a 7.9% capitalization rate, exclusive of transaction costs.
Oct 04, 2022 06:29 pm ET
FCPT Announces Acquisition of Three WellNow Urgent Care Properties for $8.7 Million
Four Corners Property Trust (NYSE: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 three WellNow Urgent Care properties for $8.7 million from ComptonAddy. The properties are newly constructed and located in strong retail corridors in Ohio. They are corporate-operated under net leases with 10 years of term remaining. The transaction was priced at a 6.2% cap rate on rent as of the closing date, exclusive of transaction costs.
Oct 04, 2022 04:05 pm ET
FCPT to Report Third Quarter 2022 Financial Results
Four Corners Property Trust (NYSE: FCPT), a real estate investment trust (REIT) primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), announced today that it will release financial results for the three months and nine months ended September 30, 2022, after the market close on Tuesday, November 1, 2022. A conference call and audio webcast with analysts and investors will be held on Wednesday, November 2 at 11:00 a.m. Eastern Time, to discuss the results. Details for the call are listed below.
Sep 26, 2022 04:05 pm ET
FCPT Announces Acquisition of Two Buffalo Wild Wings Properties for $10.2 Million
Four Corners Property Trust (NYSE: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 two Buffalo Wild Wings properties for $10.2 million. The properties are located in strong retail corridors in New Jersey and are franchisee-operated. They are occupied under a triple net master lease with 20 years of term remaining and annual rent increases of 2%. The transaction was priced at a 6.4% cap rate on rent as of the closing date, excl
Sep 16, 2022 04:05 pm ET
FCPT Declares Third Quarter 2022 Dividend
Four Corners Property Trust, Inc. (NYSE: FCPT) today announced that its Board of Directors declared a quarterly cash dividend of $0.3325 per share (equivalent to $1.33 per share per annum) for the third quarter of 2022. The dividend is payable on October 14, 2022 to shareholders of record as of September 30, 2022.
Sep 15, 2022 04:49 pm ET
FCPT Announces Acquisition of a Three Property Portfolio for $8.5 Million from PREIT
Four Corners Property Trust (NYSE: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 a portfolio of three properties (Miller’s Ale House, Olive Garden, Outback Steakhouse) for $8.5 million. The properties are located in a strong retail corridor in Maryland and are occupied under triple net ground leases to the corporate entities, with a weighted average remaining term of approximately eight years. The overall transaction was pri
Sep 15, 2022 04:08 pm ET
FCPT Announces Acquisition of a Circle K Property and a Firestone Property for $6.5 Million
Four Corners Property Trust (NYSE: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 a Circle K property and a Firestone property for $6.5 million. The properties are located in a highly trafficked corridor in Illinois and are occupied under long-term, triple net leases with a weighted average of 5 years of term remaining. The transaction was priced at a 7.0% cap rate, exclusive of transaction costs.
Sep 09, 2022 05:36 pm ET
FCPT Announces Acquisition of a Caliber Collision Property for $889,000
Four Corners Property Trust (NYSE: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 a Caliber Collision property for $889,000. The property is located in a highly trafficked corridor in Michigan and is occupied under a net lease with approximately nine years of term remaining. The transaction was priced at a 6.9% capitalization rate including near term rent increases and exclusive of transaction costs.
Aug 31, 2022 04:05 pm ET
FCPT Announces Acquisition of a Six Property Outparcel Portfolio for $14.0 Million
Four Corners Property Trust (NYSE: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 six outparcel properties for $14.0 million from a transaction previously announced in July 2022. The portfolio includes five single tenant restaurant properties and one non-restaurant retail property (AT&T, BJ’s Brewhouse, Hook & Reel, IHOP, Krispy Kreme, and Taco Bell). The properties are located in a strong retail corridor in Texas and share s
Aug 31, 2022 04:05 pm ET
FCPT Announces Disposition of a Popeyes Restaurant Property for $2.3 Million
Four Corners Property Trust (NYSE: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 disposition of a Popeyes restaurant property for $2.3 million. The property is located in Tennessee and is operated by Carrols Restaurant Group under a triple net lease with approximately sixteen years of term remaining. The transaction was priced at a 5.1% cap rate on current rent, exclusive of transaction costs, and will result in an immaterial gain to FCPT.
Aug 30, 2022 06:34 pm ET
FCPT Announces Acquisition of Two National Tire & Battery Properties for $2.8 Million
Four Corners Property Trust (NYSE: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 two National Tire and Battery properties for $2.8 million. The properties are located in strong retail corridors in North Carolina and are corporate-operated under triple net leases with a weighted average seven years of term remaining and annual CPI-adjusted rent increases. The transaction was priced at a 6.1% cap rate on actual rent as of the
Aug 25, 2022 07:44 pm ET
FCPT Announces Disposition of a Burger King Restaurant Property for $2.1 Million
Four Corners Property Trust (NYSE: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 disposition of a Burger King restaurant property for $2.1 million. The property is located in Mississippi and is operated by Carrols Restaurant Group under a triple net lease with approximately sixteen years of term remaining. The transaction was priced at a 5.2% cap rate on current rent, exclusive of transaction costs, and will result in an immaterial gain to
Aug 18, 2022 04:05 pm ET
FCPT Announces Disposition of a Burger King Restaurant Property for $2.4 Million
Four Corners Property Trust (NYSE: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 disposition of a Burger King restaurant property for $2.4 million. The property is located in Mississippi and is operated by Carrols Restaurant Group under a triple net lease with approximately sixteen years of term remaining. The transaction was priced at a 5.3% cap rate on current rent, exclusive of transaction costs, and will result in an immaterial gain to
Aug 12, 2022 04:07 pm ET
FCPT Announces Acquisition of a Mr. Tire Property for $1.2 Million
Four Corners Property Trust (NYSE: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 a Mr. Tire property for $1.2 million. The property is located in a highly trafficked corridor in New Jersey and is occupied under a net ground lease with approximately ten years of term remaining. The transaction was priced at a 6.5% capitalization rate, exclusive of transaction costs.
Aug 08, 2022 05:15 pm ET
FCPT Announces Acquisition of a Buffalo Wild Wings Property for $2.3 Million
Four Corners Property Trust (NYSE: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 a Buffalo Wild Wings property for $2.3 million. The property is located in a strong retail corridor in Illinois and is occupied under a triple net ground lease with approximately two years of term remaining. The transaction was priced at a 6.3% capitalization rate, exclusive of transaction costs.
Aug 05, 2022 08:21 pm ET
FCPT Announces Acquisition of a Two Property Portfolio for $3.3 Million from PREIT
Four Corners Property Trust (NYSE: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 a Capital One property and a ground lease Chuck E. Cheese property for $3.3 million. The properties are located in strong retail corridors in Maryland and South Carolina respectively, and both are occupied under triple net leases and have a current weighted average remaining term of approximately six years. The overall transaction was priced at
Aug 05, 2022 07:26 pm ET
FCPT Announces Disposition of an Applebee’s Restaurant Property for $1.7 Million
Four Corners Property Trust (NYSE: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 disposition of an Applebee’s restaurant property for $1.7 million. The property is located in Michigan and is franchisee-operated under a lease with approximately two years of term remaining. This transaction was priced at a cap rate in range with previous FCPT transactions and will result in an immaterial gain to FCPT. The company plans to repurpose the proce
Jul 27, 2022 04:50 pm ET
FCPT Announces Acquisition of a VCA Animal Hospital Property for $1.0 million
Four Corners Property Trust (NYSE: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 a VCA Animal Hospital property for $1.0 million. The property is located in a strong retail corridor in Indiana and is corporate-operated under a net lease with approximately 5 years of term remaining. The transaction was priced at a 7.3% going-in cash capitalization rate, exclusive of transaction costs.
Jul 26, 2022 04:05 pm ET
FCPT Announces Second Quarter 2022 Financial and Operating Results
Four Corners Property Trust, Inc. (“FCPT” or the “Company”, NYSE: FCPT) today announced financial results for the three and six months ended June 30, 2022.
Jul 22, 2022 04:11 pm ET
FCPT Announces Acquisition of an Outback Steakhouse Property for $2.4 million
Four Corners Property Trust (NYSE: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 Outback Steakhouse property for $2.4 million. The property is located in a strong retail corridor in Indiana and is corporate-operated under a net lease with approximately 4 years of term remaining. The transaction was priced at a 6.8% going-in cash capitalization rate, exclusive of transaction costs.
Jul 15, 2022 04:05 pm ET
FCPT Announces Acquisition of an Advance Auto Parts Property for $928,000
Four Corners Property Trust (NYSE: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 Advance Auto Parts property for $928,000. The property is located in a highly trafficked corridor in Michigan and is occupied under a net lease to the corporate entity with approximately four years of term remaining. The transaction was priced at a 7.15% capitalization rate, exclusive of transaction costs.
Jul 12, 2022 04:47 pm ET
FCPT Announces Acquisition of an Advance Auto Parts Property for $2.3 million
Four Corners Property Trust (NYSE: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 Advance Auto Parts property for $2.3 million. The property is located in a highly trafficked corridor in Illinois and is corporate-operated under a net lease. The transaction was priced at a 6.3% capitalization rate, exclusive of transaction costs.
Jul 12, 2022 04:27 pm ET
FCPT Announces Acquisition of a Caliber Collision Property for $1.1 Million
Four Corners Property Trust (NYSE: 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 a Caliber Collision property for $1.1 million. The property is located in a highly trafficked corridor in Michigan and is corporate-operated under a net lease with approximately nine years of term remaining. The transaction was priced at a 6.6% cap rate, exclusive of transaction costs.
Jul 08, 2022 07:28 pm ET
FCPT Announces Acquisition of a Thrive Pet Healthcare Property for $12.5 Million
Four Corners Property Trust (NYSE: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 a Thrive Pet Healthcare property for $12.5 million. The property is located in a strong retail corridor in Illinois with a building considerably larger than most of FCPT’s acquisitions and is corporate-operated under a net lease with 15 years of term remaining. The transaction was priced at a cap rate in range with previous FCPT transactions.
Jul 08, 2022 06:23 pm ET
FCPT Announces $17.1 Million Outparcel Portfolio
Four Corners Property Trust (NYSE: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 that it has signed a definitive agreement for the purchase of 7 outparcel properties for $17.1 million. The transaction was priced at a cap rate in range with previous FCPT transactions. The portfolio includes six single tenant restaurant properties and one non-restaurant retail property (AT&T, BJ’s Brewhouse, Hook & Reel, IHOP, Krispy Kreme, Taco Bell, and an add
Jul 07, 2022 04:05 pm ET
FCPT to Report Second Quarter 2022 Financial Results
Four Corners Property Trust (NYSE: FCPT), a real estate investment trust (REIT) primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), announced today that it will release financial results for the three months and six months ended June 30, 2022, after the market close on Tuesday, July 26, 2022. A conference call and audio webcast with analysts and investors will be held on Wednesday, July 27 at 11:00 a.m. Eastern Time, to discuss the results. Details for the call are listed below.
Jun 30, 2022 08:01 pm ET
FCPT Announces Acquisition of a Red Robin Property for $2.4 million from PREIT
Four Corners Property Trust (NYSE: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 a Red Robin property for $2.4 million from the PREIT transaction previously announced in June 2022. The property is located in a strong retail corridor in Maryland and is occupied under a triple net lease to the corporate entity with approximately 4 years of term remaining. The overall transaction was priced at a 6.5% going-in cash capitalizatio
Jun 24, 2022 04:25 pm ET
FCPT Announces Acquisition of a DaVita Kidney Care Property for $2.2 Million
Four Corners Property Trust (NYSE: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 a DaVita Kidney Care property for $2.2 million. The property is located in a highly trafficked corridor in Kansas and is occupied under a net lease to the corporate entity with approximately seven years of term remaining. The transaction was priced at a 6.3% capitalization rate, exclusive of transaction costs.
Jun 16, 2022 11:32 am ET
FCPT Declares Second Quarter 2022 Dividend
Four Corners Property Trust, Inc. (NYSE: FCPT) today announced that its Board of Directors declared a quarterly cash dividend of $0.3325 per share (equivalent to $1.33 per share per annum) for the second quarter of 2022. The dividend is payable on July 15, 2022 to shareholders of record as of June 30, 2022.
Jun 09, 2022 04:56 pm ET
FCPT Announces Disposition of an Olive Garden Restaurant Property for $6.3 million
Four Corners Property Trust (NYSE: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 disposition of an Olive Garden restaurant property for $6.3 million. The property is located in Florida and is operated by Darden Restaurants. The transaction was priced at a 4.5% cap rate on current rent, exclusive of transaction costs, and will result in a gain to FCPT. The company plans to repurpose the proceeds into new investment opportunities consistent
Jun 09, 2022 04:05 pm ET
FCPT Announces $32.5 million Outparcel Portfolio with PREIT
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce that it has signed a definitive agreement for the purchase of 11 outparcel properties from PREIT (NYSE: PEI) for $32.5 million. The transaction is priced at a 6.5% going-in cash cap rate, exclusive of transaction costs. The portfolio includes 8 single tenant restaurant properties and three non-restaurant retail properties. FCPT expects to acquire a majority of the portfolio in the second and third qu
May 27, 2022 04:05 pm ET
FCPT Announces Acquisition of 12 NAPA Auto Parts properties for $21.1 million
Four Corners Property Trust (NYSE: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 a portfolio of 12 NAPA Auto Parts properties for $21.1 million. The properties are located across 10 states and are occupied under a triple-net master lease to the corporate entity with approximately 5 years of term remaining. The transaction was priced at a 6.4% capitalization rate, exclusive of transaction costs.
May 27, 2022 04:05 pm ET
FCPT Announces Acquisition of a Heartland Dental Property for $3.0 Million
Four Corners Property Trust (NYSE: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 a Heartland Dental property for $3.0 million. The property is located in a highly trafficked corridor in Kansas and is occupied under a triple net lease to the corporate entity with approximately eight years of term remaining. The transaction was priced at a 6.1% capitalization rate, exclusive of transaction costs.
May 25, 2022 06:12 pm ET
FCPT Announces Acquisition of an Aspen Dental Property for $2.3 Million
Four Corners Property Trust (NYSE: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 Aspen Dental property for $2.3 million. The property is located in a dense retail corridor in Missouri and is occupied under a net lease to the corporate entity. The transaction was priced at a cap rate in range with previous FCPT transactions.
May 25, 2022 04:26 pm ET
FCPT Announces Acquisition of a Caliber Collision Property for $1.9 Million
Four Corners Property Trust (NYSE: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 a Caliber Collision property for $1.9 million. The property is located in a strong retail corridor in Wisconsin and is corporate-operated with approximately nine years of term remaining. The transaction was priced at a 6.3% going-in cash capitalization rate, exclusive of transaction costs.
May 19, 2022 05:34 pm ET
FCPT Announces Acquisition of a KC Complete Auto Property for $1.6 Million
Four Corners Property Trust (NYSE: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 a KC Complete Auto property for $1.6 million. The property is located in a highly trafficked corridor in Missouri and is occupied under a triple net lease to the corporate entity with approximately eight years of term remaining. The transaction was priced at a 6.9% capitalization rate, exclusive of transaction costs.
May 18, 2022 05:40 pm ET
FCPT Announces Acquisition of a NextCare Primary Care Property for $1.8 Million
Four Corners Property Trust (NYSE: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 a NextCare Primary Care property for $1.8 million. The property is located in a strong retail corridor in Arizona and is corporate-operated under a net lease with approximately 7 years of term remaining. The transaction was priced at a 6.4% going-in cash capitalization rate, exclusive of transaction costs.
May 16, 2022 04:48 pm ET
FCPT Announces Investment Grade Rating from Moody’s Investor Service
Four Corners Property Trust (NYSE: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”) today announced that the Company has received an inaugural Investment Grade rating from Moody’s Investor Service (“Moody’s”) of Baa3: stable outlook on its senior unsecured revolving and term loan facility.
May 09, 2022 06:19 pm ET
FCPT Announces Disposition of an Outback Steakhouse Restaurant Property for $5.1 million
Four Corners Property Trust (NYSE: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 disposition of an Outback Steakhouse restaurant property for $5.1 million. The property is located in New Mexico and is operated by Out West Restaurant Group, Inc., a franchisee of Outback Steakhouse. The transaction was priced at a 5.0% cap rate on current rent, exclusive of transaction costs, and will result in an immaterial gain to FCPT. The company plans t
May 04, 2022 06:13 pm ET
FCPT Announces Acquisition of Two Wells Fargo Bank Branches for $5.1 Million
Four Corners Property Trust (NYSE: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 two Wells Fargo bank branches for $5.1 million. The properties are located in highly trafficked corridors in Alabama and Tennessee and are occupied under triple net leases to the corporate entity. The transaction was priced at a cap rate in range with previous FCPT transactions.
Apr 26, 2022 04:05 pm ET
FCPT Announces First Quarter 2022 Financial and Operating Results
Four Corners Property Trust, Inc. (“FCPT” or the “Company”, NYSE: FCPT) today announced financial results for the three months ended March 31, 2022.
Apr 25, 2022 04:44 pm ET
FCPT Announces Acquisition of a Tires Plus Property for $2.3 Million
Four Corners Property Trust (NYSE: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 a Tires Plus property for $2.3 million. The property is located in a dense retail corridor in Illinois and is occupied under a triple net lease to the corporate entity with approximately one year of term remaining. The transaction was priced at a 6.7% capitalization rate, exclusive of transaction costs.
Apr 20, 2022 04:05 pm ET
FCPT Announces Acquisition of a Fresenius Medical Care for $3.4 Million
Four Corners Property Trust (NYSE: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 a Fresenius Medical Care property for $3.4 million. The property is located in North Carolina and is corporate-operated under a net lease with 5 years of term remaining. The transaction was priced at a 6.2% going-in cash capitalization rate, exclusive of transaction costs.
Apr 14, 2022 05:22 pm ET
FCPT Announces Acquisition of Two KC Complete Auto Properties for $4.2 Million
Four Corners Property Trust (NYSE: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 two KC Complete Auto properties for $4.2 million. The properties are located in highly trafficked corridors in Missouri and are occupied under triple net leases to the corporate entity with approximately eight years of term remaining. The transaction was priced at a 6.9% capitalization rate, exclusive of transaction costs.
Apr 12, 2022 05:18 pm ET
FCPT Announces Disposition of a Bob Evans Property for $1.5 Million
Four Corners Property Trust (NYSE: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 disposition of a Bob Evans restaurant property for $1.5 million. The sale is the result of an unsolicited offer. The transaction was priced at a 4.5% cap rate on rent today, exclusive of transaction costs, and will result in an immaterial gain to FCPT. The company plans to repurpose the proceeds into new investment opportunities consistent with FCPT thresholds
Apr 11, 2022 04:56 pm ET
FCPT Announces Acquisition of a Mavis Tire Property for $2.8 Million
Four Corners Property Trust (NYSE: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 a Mavis Tire property for $2.8 million. The property is located in a highly trafficked corridor in Illinois and is corporate-operated under a triple net lease with approximately 5 years of term remaining. The transaction was priced at a 6.8% going-in cash capitalization rate, exclusive of transaction costs.
Apr 01, 2022 05:12 pm ET
FCPT to Report First Quarter 2022 Financial Results
Four Corners Property Trust (NYSE: FCPT), a real estate investment trust (REIT) primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), announced today that it will release financial results for the three months ended March 31, 2022, after the market close on Tuesday, April 26, 2022. A conference call and audio webcast with analysts and investors will be held on Wednesday, April 27 at 11:00 a.m. Eastern Time, to discuss the results. Details for the call are listed below.
Mar 31, 2022 06:35 pm ET
FCPT Announces Acquisition of Five Fresenius Medical Care Properties for $9.4 million
Four Corners Property Trust (NYSE: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 five Fresenius Medical Care properties for $9.4 million. The properties are located in Louisiana and are corporate-operated under net leases with a weighted average of 6 years of term remaining. The transaction was priced at a 6.5% going-in cash capitalization rate, exclusive of transaction costs.
Mar 30, 2022 06:02 pm ET
FCPT Announces Acquisition of Four Outparcel Properties for $9.8 million
Four Corners Property Trust (NYSE: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 four outparcel properties consisting of four different brands (Bonefish Grill, Jared, Olive Garden, and Outback Steakhouse) for $9.8 million. The properties are located in a strong retail corridor in Alabama and are occupied under net leases. The transaction was priced at a cap rate in range with previous FCPT transactions.
Mar 30, 2022 05:51 pm ET
FCPT Announces Acquisition of an Express Oil Change Property for $1.5 Million
Four Corners Property Trust (NYSE: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 Express Oil Change property for $1.5 million. The property is located in a highly trafficked corridor in Mississippi and is occupied under a triple net lease to the corporate entity with approximately eleven years of term remaining. The transaction was priced at a 6.3% capitalization rate, exclusive of transaction costs.
Mar 29, 2022 06:58 pm ET
FCPT Announces Acquisition of a Red Lobster Restaurant Property for $2.4 Million
Four Corners Property Trust (NYSE: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 a Red Lobster restaurant property for $2.4 million. The property is located in a strong retail corridor in Arizona and is occupied under a triple net lease to the corporate entity with approximately eight years of term remaining. The transaction was priced at a 6.25% capitalization rate, exclusive of transaction costs.
Mar 21, 2022 08:33 pm ET
FCPT Announces Acquisition of a Smokey Bones Restaurant Property for $4.4 Million
Four Corners Property Trust (NYSE: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 a Smokey Bones restaurant property for $4.4 million. The property is located in a strong retail corridor in Illinois and is occupied under a triple net lease to the corporate entity with approximately twelve years of term remaining. The transaction was priced at a 6.3% capitalization rate, exclusive of transaction costs.
Mar 21, 2022 07:44 pm ET
 FCPT Announces Acquisition of a Fresenius Property for $2.7 Million
Four Corners Property Trust (NYSE: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 a Fresenius property for $2.7 million. The property is located in a strong medical corridor in Michigan and is corporate operated under a net lease with approximately six years of term remaining. The transaction was priced at a capitalization rate of 7.4% on rent today and a run rate capitalization rate of 6.9% based on forward rent, exclusive o
Mar 10, 2022 04:05 pm ET
FCPT Upgraded by Fitch Ratings to BBB with Stable Outlook
Four Corners Property Trust, Inc. (NYSE: FCPT) today announced that Fitch Ratings has upgraded FCPT’s long-term issuer rating to ‘BBB’ from ‘BBB-‘ with a stable outlook.
Mar 08, 2022 04:05 pm ET
FCPT Declares First Quarter 2022 Dividend
Four Corners Property Trust, Inc. (NYSE: FCPT) today announced that its Board of Directors declared a quarterly cash dividend of $0.3325 per share (equivalent to $1.33 per share per annum) for the first quarter of 2022. The dividend is payable on April 14, 2022 to shareholders of record as of March 31, 2022.
Feb 25, 2022 04:48 pm ET
FCPT Announces Acquisition of a Chili’s Restaurant Property for $3.5 Million
Four Corners Property Trust (NYSE: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 a Chili’s restaurant property for $3.5 million. The property is located in a dense corridor in South Carolina and is occupied under a triple net lease by a franchisee operator with approximately four years of term remaining. The transaction was priced at a 6.8% capitalization rate, exclusive of transaction costs.
Feb 25, 2022 04:39 pm ET
FCPT Announces Acquisition of Chili’s and Verizon Outparcel Properties for $5.5 Million
Four Corners Property Trust (NYSE: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 two outparcel properties leased to Chili’s and Verizon for $5.5 million. The properties are both located in a strong retail corridor in Colorado and are corporate-operated under net leases with a weighted average of 7 years of term remaining. The transaction was priced at a cap rate in range with previous FCPT transactions.
Feb 16, 2022 04:05 pm ET
FCPT Announces Fourth Quarter 2021 Financial and Operating Results
Four Corners Property Trust, Inc. (“FCPT” or the “Company”, NYSE: FCPT) today announced financial results for the three months and year ended December 31, 2021.
Jan 31, 2022 05:04 pm ET
FCPT Announces Acquisition of a Truist Bank Outparcel Property for $1.1 million
Four Corners Property Trust (NYSE: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 outparcel property leased to Truist Bank for $1.1 million. The property is located in a strong retail corridor in North Carolina and is corporate-operated under a triple net lease with 6 years of term remaining. The transaction was priced at a cap rate in range with previous FCPT transactions.
Jan 19, 2022 04:05 pm ET
FCPT Announces Tax Treatment of 2021 Distributions
Four Corners Property Trust, Inc. (NYSE: 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”), announced today the tax characterization of its 2021 common stock distributions as shown below.
Jan 19, 2022 04:05 pm ET
FCPT to Report Fourth Quarter 2021 Financial Results
Four Corners Property Trust (NYSE: FCPT), a real estate investment trust (REIT) primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), announced today that it will release financial results for the three months and year ended December 31, 2021, after the market close on Wednesday, February 16, 2022. A conference call and audio webcast with analysts and investors will be held on Thursday, February 17 at 11:00 a.m. Eastern Time, to discuss the results. Details for the call are listed below.
Jan 10, 2022 06:18 pm ET
FCPT Announces Acquisition of a VCA Animal Hospital Property for $1.7 million
Four Corners Property Trust (NYSE: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 a VCA Animal Hospital property for $1.7 million. The property is located in a highly trafficked corridor in Michigan and is corporate-operated under a net lease with approximately 7 years of term remaining. The transaction was priced at a 7.0% going-in cash capitalization rate, exclusive of transaction costs.
Dec 30, 2021 06:19 pm ET
FCPT Announces 2021 Acquisition Volume and Acquisition of a Chick-fil-A Property from Washington Prime Group for $3.5 Million
Four Corners Property Trust (NYSE: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 a Chick-fil-A property for $3.5 million. The property is located in a dense retail corridor in Connecticut and is corporate-operated with approximately fifteen years of term remaining. The transaction was priced at a cap rate in range with previous FCPT transactions.
Dec 30, 2021 06:09 pm ET
FCPT Announces Acquisition of a Dual-Tenant DaVita Kidney Care and Nephrology Associates Property for $4.5 Million
Four Corners Property Trust (NYSE: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 a dual-tenant DaVita Kidney Care and Nephrology Associates property for $4.5 million. The property is located in a strong retail corridor in Florida and is occupied under net leases with a weighted average six years of term remaining. The DaVita Kidney Care lease calls for annual rent increases of 2.5%. The transaction was priced at a 6.75% goin
Dec 30, 2021 06:05 pm ET
FCPT Announces Acquisition of a Red Lobster Restaurant Property for $1.9 Million
Four Corners Property Trust (NYSE: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 a Red Lobster restaurant property for $1.9 million. The property is located in a strong retail corridor in New York and is corporate-operated under a long-term, triple net ground lease with 8 years of term remaining. The transaction was priced at a 6.4% going-in cash capitalization rate, exclusive of transaction costs.
Dec 30, 2021 06:00 pm ET
FCPT Announces Acquisition of a Caliber Collision Property for $3.0 Million
Four Corners Property Trust (NYSE: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 a Caliber Collision property for $3.0 million. The property is located in a dense corridor in Pennsylvania and is corporate-operated with approximately eight years of term remaining. The transaction was priced at a 6.2% going-in cash capitalization rate, exclusive of transaction costs.
Dec 29, 2021 07:08 pm ET
FCPT Announces Acquisition of a Portillo’s Restaurant Property from Seritage Transaction for $3.3 Million
Four Corners Property Trust (NYSE: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 a Portillo’s restaurant property for $3.3 million. The property is located in a strong retail corridor in Wisconsin and is occupied under a long-term triple net lease. The transaction was priced at a cap rate in range with previous FCPT transactions.
Dec 29, 2021 06:22 pm ET
FCPT Announces Acquisition of Red Robin and AT&T Outparcel Properties for $2.8 million
Four Corners Property Trust (NYSE: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 two outparcel properties leased to Red Robin and AT&T for $2.8 million. The properties are located in strong retail corridors in Idaho and Missouri and are corporate-operated under net leases with an average term of 3 years remaining. The transaction was priced at a capitalization rate in range with previous FCPT transactions.
Dec 29, 2021 04:31 pm ET
FCPT Announces Acquisition of Three Mr. Tire Properties for $2.5 Million
Four Corners Property Trust (NYSE: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 three Mr. Tire properties for $2.5 million. The properties are located in dense corridors in Maryland and are under a master lease to the corporate entity with approximately 8 years of term remaining. The transaction was priced at a 6.5% going-in cash capitalization rate, exclusive of transaction costs.
Dec 28, 2021 06:58 pm ET
FCPT Announces Acquisition of Two WellNow Urgent Care Properties for $5.4 Million
Four Corners Property Trust (NYSE: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 two WellNow Urgent Care properties for $5.4 million. The properties are located in highly trafficked corridors in New York and both leases are with the corporate entity. The transaction was priced at a cap rate in range with previous FCPT transactions.
Dec 23, 2021 04:09 pm ET
FCPT Announces Acquisition of a Circle K Property for $3.2 Million
Four Corners Property Trust (NYSE: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 a Circle K property for $3.2 million. The property is located in a dense corridor in Illinois and is corporate-operated with approximately three years of term remaining. The transaction was priced at a 7.2% capitalization rate on current rent and exclusive of transaction costs.
Dec 22, 2021 08:17 pm ET
FCPT Announces Acquisition of Two Express Oil Change Properties for $4.6 Million
Four Corners Property Trust (NYSE: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 two Express Oil Change properties for $4.6 million. The properties are located in highly trafficked corridors in Mississippi and both leases are with the corporate entity. The transaction was priced at a 6.3% going-in cash capitalization rate, exclusive of transaction costs.
Dec 22, 2021 05:50 pm ET
FCPT Announces Acquisition of a Jack in the Box Property for $1.2 Million
Four Corners Property Trust (NYSE: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 a Jack in the Box restaurant property for $1.2 million. The property is located in a highly trafficked corridor in Arizona and is occupied by a franchisee under a triple net lease with approximately five years of term remaining. The transaction was priced at a 6.8% going-in cash capitalization rate, exclusive of transaction costs.
Dec 22, 2021 04:58 pm ET
FCPT Announces Sale Leaseback of an Olive Garden Property for $4.2 Million
Four Corners Property Trust (NYSE: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 Olive Garden property for $4.2 million from Darden Restaurants via a sale-leaseback. The property is located in a dense retail corridor in Pennsylvania and is under a triple-net lease with ten years of term remaining. The transaction was priced at a cap rate in range with previous FCPT transactions.
Dec 20, 2021 07:14 pm ET
FCPT Announces Acquisition of Three Bank Properties for $5.4 Million
Four Corners Property Trust (NYSE: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 three publicly-traded, investment grade bank properties for $5.4 million. The properties are located in highly trafficked corridors in Illinois and are corporate-operated under triple net leases with 9 years of term remaining and annual rent increases of 1.5%. The transaction was priced at a weighted average 6.5% going-in capitalization rate, ex
Dec 17, 2021 03:05 pm ET
FCPT Prices $125 Million Private Placement of Senior Unsecured Notes
Four Corners Property Trust, Inc. (“FCPT” or the “Company”, NYSE: FCPT) today announced that it has entered into agreements to issue $125 million of senior unsecured notes (the “Notes”). The Notes consist of $75.0 million of notes with a ten-year term and priced at a fixed interest rate of 3.11%, and $50.0 million of notes with a nine-year term and priced at a fixed interest rate of 3.09%. The Notes are scheduled to fund on March 17, 2022, with the Company’s option to fund early with at least ten business days’ notice.
Dec 16, 2021 05:25 pm ET
FCPT Announces Acquisition of a National Tire & Battery Property from Washington Prime Group for $1.6 Million
Four Corners Property Trust (NYSE: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 a National Tire and Battery property for $1.6 million. The property is located in a dense corridor in Maryland and is corporate-operated with approximately five years of term remaining. The transaction was priced at a cap rate in range with previous FCPT transactions.
Dec 15, 2021 04:05 pm ET
FCPT Announces Acquisition of a Property Occupied by an Arby’s, BP, and Little General for $1.7 million
Four Corners Property Trust (NYSE: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 a property occupied by an Arby’s, BP, and Little General for $1.7 million. The property is located in a highly trafficked corridor in West Virginia and occupied under a triple net lease with 5 years of term remaining. The transaction was priced at a 6.6% going-in cash capitalization rate, exclusive of transaction costs.
Dec 03, 2021 06:40 pm ET
FCPT Announces Acquisition of a Dual-Tenant Aspen Dental and WellNow Urgent Care Property for $3.0 Million
Four Corners Property Trust (NYSE: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 a dual-tenant Aspen Dental and WellNow Urgent Care property for $3.0 million. The property is located in a strong retail corridor in New York and both leases are with the corporate entity. The transaction was priced at a cap rate in range with previous FCPT transactions.
Dec 03, 2021 04:40 pm ET
FCPT Announces Acquisition of a RadNet Imaging Property for $2.2 Million
Four Corners Property Trust (NYSE: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 a RadNet Imaging property for $2.2 million. The property is located in a strong retail corridor in Florida and is corporate-operated under a net lease with approximately 6 years of term remaining. The transaction was priced at a 7.0% going-in cash capitalization rate, exclusive of transaction costs.
Nov 29, 2021 04:05 pm ET
FCPT Announces a 4.7% Increase to Fourth Quarter 2021 Dividend
Four Corners Property Trust, Inc. (NYSE: FCPT) today announced that its Board of Directors declared a quarterly cash dividend of $0.3325 per share (equivalent to $1.33 per share per annum) for the fourth quarter of 2021. This represents a 4.7% increase from the prior quarter. The dividend is payable on January 14, 2022 to shareholders of record as of January 3, 2022.
Nov 22, 2021 05:35 pm ET
FCPT Announces Acquisition of a Dual-Tenant Buffalo Wild Wings and Chipotle Property for $3.4 Million
Four Corners Property Trust (NYSE: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 a dual-tenant Buffalo Wild Wings and Chipotle for $3.4 million. The property is located in a strong retail corridor in New Mexico and both leases are with the corporate entity with approximately 6 years of weighted average term remaining. The transaction was priced at a 6.4% going-in cash capitalization rate, exclusive of transaction costs.
Nov 19, 2021 06:23 pm ET
FCPT Announces Acquisition of a Bank of America Property from Seritage Transaction for $1.4 million
Four Corners Property Trust (NYSE: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 a Bank of America property for $1.4 million from the Seritage transaction. The property is located in a strong retail corridor in Michigan and is corporate-operated under a triple net lease with approximately five years of term remaining. The transaction was priced at a cap rate in range with previous FCPT transactions.
Nov 03, 2021 04:05 pm ET
FCPT Announces Acquisition of Two Caliber Collision Properties for $1.0 Million
Four Corners Property Trust (NYSE: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 two Caliber Collision properties for $1.0 million. The properties are located in highly trafficked corridors in Ohio and are corporate-operated under net leases with a weighted average of 8 years of term remaining. The transaction was priced at a 6.6% going-in cash capitalization rate, exclusive of transaction costs.
Oct 28, 2021 04:05 pm ET
FCPT Announces Acquisition of a Carrabba’s Property for $1.7 Million
Four Corners Property Trust (NYSE: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 a Carrabba’s property for $1.7 million. The property is located in a strong retail corridor in Missouri and is corporate-operated under a triple net lease with approximately six years of term remaining. The transaction was priced at a 6.2% cap rate on rent today, exclusive of transaction costs.
Oct 26, 2021 04:05 pm ET
FCPT Announces Third Quarter 2021 Financial and Operating Results
Four Corners Property Trust, Inc. (“FCPT” or the “Company”, NYSE: FCPT) today announced financial results for the three months and nine months ended September 30, 2021.

Thank you for visiting InsiderTracking.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you wish to consider using a browser that blocks ads, please log in or subscribe.

Alternatively, if you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). If you are in private browsing mode and do not want to subscribe, please disable tracking protection while visiting our website.

Thank you for using Insider Tracking.

Learn More