FCPT News & Events

Four Corners Property Trust announced the acquisition of a Chili's property for $2.3M. The property is located in a strong, highly trafficked retail corridor in Illinois and corporate-operated under a triple net lease with approximately six years of term remaining. The transaction was priced at a 6.8% cap rate including rent credits received at closing and exclusive of transaction costs.

Four Corners Property Trust announces the acquisition of a BluePearl Pet Hospital property for $3.8 million. The property is located in a strong retail corridor in Colorado and is corporate-operated under a net lease with approximately five years of term remaining. The transaction was priced at a 7.0% cap rate as of the closing date and exclusive of transaction costs.

Four Corners Property Trust announced the acquisition of a Panera Bread property for $3.8M. The property is located in a corridor in Kentucky and is corporate-operated under a triple net lease with approximately six years of term remaining. The transaction was priced at a 6.7% cap rate on rent as of the closing date and exclusive of transaction costs.