FCPT Announces Acquisition of an Applebee's Property for $4.3 Million

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]