{"id":775364,"date":"2022-03-30T20:00:57","date_gmt":"2022-03-30T18:00:57","guid":{"rendered":"https:\/\/bebeez.it\/non-categorizzato\/fcpt-announces-acquisition-of-a-red-lobster-restaurant-property-for-2-4-million\/"},"modified":"2023-07-10T22:38:31","modified_gmt":"2023-07-10T20:38:31","slug":"fcpt-announces-acquisition-of-a-red-lobster-restaurant-property-for-2-4-million","status":"publish","type":"post","link":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/fcpt-announces-acquisition-of-a-red-lobster-restaurant-property-for-2-4-million\/","title":{"rendered":"FCPT Announces Acquisition of a Red Lobster Restaurant Property for $2.4 Million"},"content":{"rendered":"

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 (\u201cFCPT\u201d or the \u201cCompany\u201d), is pleased to announce the acquisition of a Red Lobster restaurant property for $2.4 million. The property is located in a strong retail corridor in Arizona and is occupied under a triple net lease to the corporate entity with approximately eight years of term remaining. The transaction was priced at a 6.25% capitalization rate, exclusive of transaction costs.\n<\/p>\n

\nAbout FCPT\n<\/p>\n

\nFCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at www.fcpt.com<\/a>.\n<\/p>\n

Contacts <\/p>\n

\nFour Corners Property Trust:
\n
Bill Lenehan, 415-965-8031
\n
CEO\n<\/p>\n

\nGerry Morgan, 415-965-8032
\n
CFO<\/p>","protected":false},"excerpt":{"rendered":"

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 (\u201cFCPT\u201d or the \u201cCompany\u201d), is pleased to announce the acquisition of a Red Lobster restaurant property for $2.4 million. The property is located in a strong retail corridor […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49630],"tags":[],"settori":[],"slider_categorie_and_home_page":[],"class_list":["post-775364","post","type-post","status-publish","format-standard","hentry","category-real-estate-in-asia-pacific"],"acf":[],"yoast_head":"\nFCPT Announces Acquisition of a Red Lobster Restaurant Property for $2.4 Million - BeBeez<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/fcpt-announces-acquisition-of-a-red-lobster-restaurant-property-for-2-4-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FCPT Announces Acquisition of a Red Lobster Restaurant Property for $2.4 Million - BeBeez\" \/>\n<meta property=\"og:description\" content=\"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 (\u201cFCPT\u201d or the \u201cCompany\u201d), is pleased to announce the acquisition of a Red Lobster restaurant property for $2.4 million. 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