REIT Press Releases

FCPT - FCPT - FCPT Announces Acquisition of a Dual-Tenant Buffalo Wild Wings and Chipotle Property for $3.4 Million

MILL VALLEY, CA - Nov. 22, 2021

MILL VALLEY, Calif.--(BUSINESS WIRE)-- 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.

About FCPT

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

Four Corners Property Trust:
Bill Lenehan, 415-965-8031
CEO

Gerry Morgan, 415-965-8032
CFO

Source: Four Corners Property Trust

View original content: Businesswire

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REIT Profile

Four Corners Property Trust, Inc.
Symbol: FCPT
CIK: 1650132
Exchange: NYSE
Founded: 2015 (6 years)
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Retail

REITRating™ (more)
Overall Score: 8.5 | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score.

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Latest Price: $27.00
High: $27.41
Low: $26.85
Open: $26.97
Previous Close: $27.20
Volume: 334,863
52-Week High: $30.10
52-Week Low: $24.93

Last updated: 2021-11-30 12:57:02 PST

Last updated: 2021-12-01 - v0.6