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FCPT Announces Acquisition of an Olive Garden Property for $2.2 Million
Businesswire· 2025-12-23 22:52
Core Viewpoint - Four Corners Property Trust (FCPT) has announced the acquisition of an Olive Garden property for $2.2 million, indicating a strategic move to expand its portfolio of high-quality, net-leased restaurant and retail properties [1] Group 1: Acquisition Details - The Olive Garden property is located in a highly trafficked corridor in Illinois, suggesting a favorable location for retail operations [1] - The property is corporate-operated under a long-term, triple net lease with approximately eight years remaining, which provides stability and predictability in rental income [1]
FCPT Announces Acquisition of a Crash Champions Property for $2.6 Million
Businesswire· 2025-12-23 21:55
Core Viewpoint - Four Corners Property Trust (FCPT) has announced the acquisition of a Crash Champions property for $2.6 million, indicating its continued strategy of investing in high-quality, net-leased restaurant and retail properties [1] Acquisition Details - The acquired property is located in a strong retail corridor in Ohio [1] - The property is corporate-operated under a long-term, net lease with approximately nine years of term remaining [1]
FCPT Continues With Expansionary Efforts, Buys Applebee's Property
ZACKS· 2025-12-23 15:41
Core Insights - Four Corners Property Trust (FCPT) has announced the acquisition of an Applebee's property for $4.3 million, indicating its expansion and diversification strategy [1] - The property is located in a strong retail corridor in California and is operated by Flynn Group under a triple-net lease with seven years remaining, priced at a 6.2% cap rate on base rent and a 7.4% cap rate including estimated percentage rent [2] - FCPT also acquired a National Veterinary Associates property for $4.4 million in Georgia, with a 6.7% cap rate and a long-term net lease of 15 years remaining [3] Company Overview - FCPT is a real estate investment trust (REIT) focused on owning and acquiring high-quality, net-leased restaurant and retail properties, with a history of successful acquisitions [4] - In mid-December, FCPT acquired multiple properties totaling $11.6 million, and in Q3 2025, it acquired 28 properties for $82 million, with a weighted-average remaining lease term of 11.6 years [5] - The acquired properties span diverse industries, including 39% medical, 36% auto service, 16% quick service restaurants, and 9% casual dining restaurants by purchase price, enhancing revenue stability [5] Strategic Positioning - The recent acquisitions align with FCPT's strategy to build a resilient portfolio capable of withstanding various economic cycles [6] - However, the company faces challenges due to a significant debt load of $1.21 billion, which may lead to high borrowing costs [6] - Over the past three months, FCPT's shares have declined by 4.1%, compared to a 0.9% decline in the industry [6]
FCPT Announces Acquisition of an Applebee's Property for $4.3 Million
Businesswire· 2025-12-23 00:23
Core Viewpoint - Four Corners Property Trust (FCPT) has announced the acquisition of an Applebee's property for $4.3 million, indicating a strategic move to enhance its portfolio in the restaurant and retail sector [1] Acquisition Details - The acquired property is located in a strong retail corridor in California, suggesting a favorable market position for the investment [1] - The property is operated by Flynn Group under a triple net lease, which typically provides stable income for the landlord [1] - The lease has approximately seven years remaining, indicating a long-term commitment from the franchisee [1]
FCPT Announces Acquisition of a National Veterinary Associates Property for $4.4 Million
Businesswire· 2025-12-22 22:55
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 National Veterinary Associates property for $4.4 million. The property is newly constructed and located in a highly trafficked corridor in Georgia and is corporate-operated, under a long term, net lease wit. ...
Four Corners Expands Portfolio With Multiple Property Acquisitions
ZACKS· 2025-12-17 15:35
Core Insights - Four Corners Property Trust (FCPT) has announced multiple acquisitions totaling $11.6 million, highlighting its strategy to expand and diversify its portfolio [1][7] - The company acquired a Tires Plus property in Georgia for $2.3 million, which is corporate-operated under a long-term triple-net lease [1] - FCPT also purchased four Mission Pet Health properties for $9.3 million, located in strong retail corridors in Illinois and Wisconsin, with a 6.9% cap rate and an average lease term of 11 years remaining [2][7] Company Overview - FCPT is a real estate investment trust (REIT) focused on owning and acquiring high-quality, net-leased restaurant and retail properties, with a history of successful acquisitions [3] - In December, FCPT acquired a newly constructed Jiffy Lube property for $2.7 million, also under a long-term triple-net lease with approximately 12 years remaining [3] Recent Acquisitions - In Q3 2025, FCPT acquired 28 properties for $82 million, with a weighted-average remaining lease term of 11.6 years, diversifying its portfolio across various industries [4] - The acquisitions included 39% medical, 36% auto service, 16% quick service restaurants, and 9% casual dining restaurants by purchase price [4] Strategic Positioning - The recent purchases align with FCPT's strategy to build a resilient portfolio capable of withstanding different economic cycles [5][7] - However, the company faces challenges due to a significant debt load of $1.21 billion, which may lead to elevated borrowing costs [5][7] Market Performance - Over the past three months, FCPT's shares have declined by 9.7%, contrasting with a minor industry decline of 0.2% [5]
FCPT Announces Acquisition of a Tires Plus Property for $2.3 Million
Businesswire· 2025-12-17 00:23
Core Viewpoint - Four Corners Property Trust (FCPT) has announced the acquisition of a Tires Plus property for $2.3 million, indicating a strategic move to enhance its portfolio of high-quality, net-leased restaurant and retail properties [1] Acquisition Details - The Tires Plus property is located in a strong retail corridor in Georgia, suggesting a favorable market position for the investment [1] - The property is corporate-operated under a long-term, triple net lease, which typically provides stable income for real estate investment trusts [1] - The transaction was priced at a cap rate, although the specific cap rate percentage is not disclosed in the announcement [1]
FCPT Announces Acquisition of Four Mission Pet Health Properties for $9.3 Million
Businesswire· 2025-12-17 00:18
Core Viewpoint - Four Corners Property Trust (FCPT) has announced the acquisition of four Mission Pet Health properties for a total of $9.3 million, indicating a strategic move to expand its portfolio in high-quality, net-leased restaurant and retail properties [1] Group 1: Acquisition Details - The acquired properties are located in strong retail corridors, with three in Illinois and one in Wisconsin [1] - The properties are corporate-operated and secured under long-term net leases, which provides stability and predictability in cash flows for the company [1]
Four Corners Takes Over a Jiffy Lube Property, Expands Portfolio
ZACKS· 2025-12-12 13:56
Core Insights - Four Corners Property Trust (FCPT) has acquired a newly constructed Jiffy Lube automotive property for $2.7 million, highlighting the company's strategy to expand and diversify its portfolio [1][7] - The property has a 7% cap rate on rent and is located in a strong retail corridor in Colorado, featuring a long-term triple-net lease with approximately 12 years remaining [1][7] Acquisition Strategy - FCPT is a real estate investment trust (REIT) focused on owning and acquiring high-quality, net-leased restaurant and retail properties, with a history of successful acquisitions [2] - In early December, FCPT also acquired a Baptist Health property for $4.7 million, located in Alabama, under a long-term net lease with around 10 years remaining [2] Recent Performance - In Q3 2025, FCPT acquired 28 properties totaling $82 million, with a weighted-average remaining lease term of 11.6 years, diversifying its portfolio across various industries [3] - The acquisitions included 39% medical, 36% auto service, 16% quick service restaurants, and 9% casual dining restaurants by purchase price [3] Financial Considerations - The company's strategy aims to create a resilient portfolio capable of withstanding different economic cycles, although it faces challenges due to a significant debt load of $1.21 billion, which may lead to high borrowing costs [4] - Over the past three months, FCPT's shares have declined by 10.2%, contrasting with a 0.7% decline in the industry [4]
FCPT Announces Acquisition of a Jiffy Lube Property for $2.7 Million
Businesswire· 2025-12-12 01:42
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 Jiffy Lube property for $2.7 million. The property is newly constructed and located in a strong retail corridor in Colorado. The property is under a long term, triple net lease guaranteed by the corporate e. ...