FCPT Announces Acquisition of a Chili’s Restaurant Property for $2.8 Million

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    MILL VALLEY, Calif.–(BUSINESS WIRE)–Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Chili’s property for $2.8 million. The property is located in a strong retail corridor in Texas and is corporate-operated under a triple net lease with approximately nine years of term remaining. The transaction was priced at a 6.2% going-in cash capitalization rate, exclusive of transaction costs.

    About FCPT

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

    Caribbean News Global CT?id=bwnews&sty=20210616005935r1&sid=web01&distro=nx&lang=en FCPT Announces Acquisition of a Chili’s Restaurant Property for $2.8 Million

    Contacts

    Four Corners Property Trust:

    Bill Lenehan, 415-965-8031

    CEO

    Gerry Morgan, 415-965-8032

    CFO