logo
logo

Fcpt Announces Acquisition Of A Two Property Portfolio For $3.3 Million From Preit

Fcpt Announces Acquisition Of A Two Property Portfolio For $3.3 Million From Preit

08/06/22, 12:23 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgmill valley
Industry
real estate
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 a cap rate in range with previous FCPT transactions.

Company Info

Company
Four Corners Property Trust
Location
Mill Valley, California, United States
Company info
Four Corners Property Trust (FCPT) is a real estate investment trust primarily engaged in the ownership, acquisition, and leasing of high-quality, net-leased 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.

Related People

Upgrade to Unlock

Unlock Verified Contacts + AI Outreach

Instantly access verified contact emails — and let Fundz AI draft a hyper-personalized message based on their role, company, and your company's offering.

Ph

PhExecutive

Email hidden • Upgrade to unlock

Upgrade & Unlock

Trusted by teams at Google, Oracle, HubSpot & more

Upgrade to Unlock

Unlock Verified Contacts + AI Outreach

Instantly access verified contact emails — and let Fundz AI draft a hyper-personalized message based on their role, company, and your company's offering.

Nh

NhExecutive

Email hidden • Upgrade to unlock

Upgrade & Unlock

Trusted by teams at Google, Oracle, HubSpot & more