MILL VALLEY: Four Corners Property Trust (FCPT) announced the acquisition of a corporate-operated Starbucks property for $2.3 million. The property is located in a highly trafficked corridor in Alabama and is occupied under a long term, net lease. The transaction was priced at a going-in cash capitalization rate in range with FCPT’s previous investments. FCPT,…
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FCPT announces $14.5 million acquisition of Bloomin’ Brands Properties, PNC Bank
MILL VALLEY: Four Corners Property Trust (FCPT) announced the acquisition of two Outback Steakhouses and one Carrabba’s properties for $12.9 million, and acquisition of a PNC Bank for $1.6 million. The Bloomin’ Brands Properties are located in dense retail corridors in Florida. All three properties are corporate-operated under triple net leases with a weighted average…
FCPT announces $1.8 million acquisition of Starbucks property
MILL VALLEY: Four Corners Property Trust (FCPT) announced the acquisition of a Starbucks property for $1.8 million from a previously announced Washington Prime Group transaction. The property is located in Connecticut and is under a net lease to the brand’s corporate entity with a lease term of approximately ten years remaining. The Washington Prime portfolio…
FCPT acquires a four Verizon properties portfolio for $7.2 million
MILL VALLEY: Four Corners Property Trust (FCPT) announced the acquisition of four Verizon properties for $7.2 million. The properties are located in OH and PA and are occupied by a Verizon retail operator (Cellular Sales of Knoxville) with over 780 locations under net leases with approximately nine years of weighted average term remaining. The transaction…
FCPT acquires Texas Roadhouse property for $3.8 million
MILL VALLEY: Four Corners Property Trust (FCPT) announced the acquisition of a Texas Roadhouse property for $3.8 million. The property is located in a strong retail corridor in Illinois and is occupied under a triple-net lease with the corporate operator. The lease has approximately 15 years of term remaining. The transaction was priced at a…
FCPT acquires Chick-fil-A property from Washington Prime Group
MILL VALLEY: Four Corners Property Trust (FCPT) announced the acquisition of a Chick-fil-A restaurant property for $2.1 million from the previously announced Washington Prime Group transaction. The property is located in Indiana and is under a triple-net lease to the brand’s corporate entity with a lease term of approximately six years remaining. The Washington Prime…
FCPT acquires Big O Tires property for $2.7 million
MILL VALLEY: Four Corners Property Trust (FCPT), a real estate investment trust, announced the acquisition of a corporate-operated Big O Tires property for $2.7 million. The lease is guaranteed by TBC Corporation, one of the largest independent tire retailers in the U.S. TBC operates or franchises 2,383 retail locations across its various brands, which include…
FCPT buys BJ’s Restaurant property for $4.2 million
MILL VALLEY–(BUSINESS WIRE)–Four Corners Property Trust (FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties announced the acquisition of a corporate-operated BJ’s Restaurant and Brewhouse property for $4.2 million. The property is located in Arkansas and is occupied under a triple-net lease by BJ’s Restaurants, Inc. with approximately…