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MILL VALLEY, Calif.--(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 Buffalo Wild Wings property for $2.9 million. The property is located in a strong retail corridor in Idaho and corporate-operated under a long-term, triple net lease with approximately seven years of term r.
MILL VALLEY, Calif.--(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 Left Lane Auto property for $3.1 million. The property is newly constructed and located in a strong, highly trafficked retail corridor in South Carolina and corporate-operated under a long-term, triple net l.
MILL VALLEY, Calif.--(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 Novant Health Urgent Care property for $2.8 million. The property is located in a highly trafficked corridor in South Carolina and corporate-operated under a long-term triple net lease. The transaction was.
MILL VALLEY, Calif.--(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 Burger King property for $1.6 million. The property is located in a strong retail corridor in Minnesota and franchisee-operated by Dhanani Group under a triple net lease with approximately six years of term.
Four Corners Property Trust remains a buy, driven by aggressive portfolio diversification and sustained investment activity. FCPT's Q1 showed strong AFFO growth, 99.6% occupancy, and significant acquisitions, supporting a stable monthly dividend yield of ~5.55%. Macro headwinds from higher-for-longer interest rates pressure near-term expansion, but supply scarcity and tenant strength provide long-term upside.
CHICAGO--(BUSINESS WIRE)--Shore Capital Partners (“Shore” or “Shore Capital”), a Chicago-based private equity firm with offices in Nashville, today announced the sale of the real estate portfolio held by Shore Capital Real Estate Partners Fund I to Four Corners Property Trust (NYSE: FCPT). The portfolio includes 102 Mission Pet Health (“MPH”) veterinary properties for a purchase price of approximately $268 million. Veterinary operations are not part of the transaction, and MPH, one of the nation.
MILL VALLEY, Calif.--(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”), closed on the purchase of 102 Mission Pet Health veterinary properties for a purchase price of $268.0 million on next twelve months' cash rent of approximately $17.37 million, and inclusive of a rent credit received at closing. This was part of the p.
MILL VALLEY, Calif.--(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 Gerber Collision property for $4.8 million. The property is newly constructed and located in a strong retail corridor in Texas and corporate-operated under a net lease with approximately four years of term.
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