FCPT Announces Acquisition of a Panera Bread Property for $2.0 Million
12 Dezembro 2024 - 7:45PM
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 Panera Bread property for $2.0 million. The property is
located in a strong retail corridor in Indiana and
corporate-operated under a triple net lease with approximately four
years of term remaining. The transaction was priced at a 6.8% cap
rate on rent as of the closing date and 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.
Category: Acquisition
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version on businesswire.com: https://www.businesswire.com/news/home/20241212874246/en/
Four Corners Property Trust: Bill Lenehan, 415-965-8031 CEO
Patrick Wernig, 415-965-8038 CFO
Four Corners Property (NYSE:FCPT)
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