Skip to Content
Business Wire

FCPT Announces Acquisition of a Bob Evans Restaurant Property for $1.0 Million

FCPT Announces Acquisition of a Bob Evans Restaurant Property for $1.0 Million

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 corporate-operated Bob Evans restaurant property for $1.0 million. The property is located in Ohio and is occupied under a triple-net ground lease with approximately 5 years of term remaining. The transaction was priced at a 6.5% going-in cash cap 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 for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at www.fcpt.com.

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

Gerry Morgan, 415-965-8032
CFO

View source version on businesswire.com: https://www.businesswire.com/news/home/20191018005567/en/