UK Markets close in 2 hrs 34 mins
  • FTSE 100

    7,078.80
    +97.82 (+1.40%)
     
  • FTSE 250

    23,754.46
    +143.07 (+0.61%)
     
  • AIM

    1,266.79
    +6.66 (+0.53%)
     
  • GBP/EUR

    1.1615
    -0.0032 (-0.28%)
     
  • GBP/USD

    1.3621
    -0.0043 (-0.3133%)
     
  • BTC-GBP

    32,565.74
    -2,671.21 (-7.58%)
     
  • CMC Crypto 200

    1,050.76
    -13.08 (-1.23%)
     
  • S&P 500

    4,354.19
    -3.54 (-0.08%)
     
  • DOW

    33,919.84
    -50.63 (-0.15%)
     
  • CRUDE OIL

    70.51
    -0.05 (-0.07%)
     
  • GOLD FUTURES

    1,773.80
    -4.40 (-0.25%)
     
  • NIKKEI 225

    29,639.40
    -200.31 (-0.67%)
     
  • HANG SENG

    24,221.54
    +122.40 (+0.51%)
     
  • DAX

    15,458.87
    +110.34 (+0.72%)
     
  • CAC 40

    6,629.25
    +76.52 (+1.17%)
     

FCPT Announces Acquisition of a BP / 7-Eleven Property for $3.7 Million

  • Oops!
    Something went wrong.
    Please try again later.
·1-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

MILL VALLEY, Calif., August 04, 2021--(BUSINESS WIRE)--Four Corners Property Trust (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 BP / 7-Eleven branded gas station / convenience store property for $3.7 million. The property is located in a strong retail corridor in Ohio and is occupied under an existing triple net lease to GPM Empire with approximately 14 years of term remaining. The transaction was priced at a 6.35% going-in cash capitalization rate, exclusive of transaction costs.

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 www.fcpt.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210804006152/en/

Contacts

Four Corners Property Trust:
Bill Lenehan, 415-965-8031
CEO

Gerry Morgan, 415-965-8032
CFO

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting