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FCPT Announces Acquisition of a Texas Roadhouse Property for $1.8 Million

July 02, 2020 | About:


Four Corners Property Trust (NYSE: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 Texas Roadhouse property for $1.8 million. The property is located in Maine and is occupied under a triple-net lease with the corporate operator. The lease has approximately nine years of term remaining. The transaction was priced at a 6.4% going-in cash capitalization rate.





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 for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at [url="]www.fcpt.com[/url].

View source version on businesswire.com: https://www.businesswire.com/news/home/20200702005561/en/


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