April 23, 2021
Business News

FCPT Announces Acquisition of a Verizon Property for $1.1 million

MILL VALLEY, Calif.–()–Four Corners Property Trust (NYSE:FCPT), a real estate investment trust engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Verizon property for $1.1 million. The property is occupied by a Verizon retail operator (Cellular Sales of Knoxville) with over 780 locations and is subject to a net lease with approximately four years of term remaining. The transaction was priced at a 7.15% going-in cash cap rate, exclusive of transaction costs. The property is located in Florida.

About FCPT

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the…

Click here to view the original article.

Related Posts

You might also like ...

JAB Welcomes Lubomira Rochet as Partner
Cognizant Achieves Guidewire PartnerConnect Cloud Specialization
Netsmart and Vermont Collaborative Launch Care Coordination Platform to Deliver on Data-Driven, Value-Based Care