Friday, July 4, 2025
spot_img
spot_img
HomeNewsBusiness WireFCPT Announces Acquisition of a Verizon Property for $1.1 million

FCPT Announces Acquisition of a Verizon Property for $1.1 million

MILL VALLEY, Calif.–(BUSINESS WIRE)–Four Corners Property Trust (NYSE:FCPT), a real estate investment trust engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Verizon property for $1.1 million. The property is occupied by a Verizon retail operator (Cellular Sales of Knoxville) with over 780 locations and is subject to a net lease with approximately four years of term remaining. The transaction was priced at a 7.15% going-in cash cap rate, exclusive of transaction costs. The property is located in Florida.

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 http://www.fcpt.com/.

Contacts

Four Corners Property Trust:

Bill Lenehan, 415-965-8031

CEO

Gerry Morgan, 415-965-8032

CFO

spot_img
RELATED ARTICLES
spot_img
spot_img
spot_img

Caribbean News

Cayman Islands government announces new organisational chart

By CIG Public Relations GEORGETOWN, Cayman Islands - The Cayman Islands Government has published its new organisational chart, reflecting the restructured framework of Ministries and Portfolios...

Global News

The status of youth in Agrifood Systems: New FAO report shines light on pitfalls and prospects for 1.3 billion young people

As key agents of change, the current generation of young people must increase food production, replace an aging workforce, and adapt to increasing...