Latest news with #PatrickWernig
Yahoo
29-05-2025
- Business
- Yahoo
FCPT Announces Acquisition via Sale-Leaseback of a Christian Brothers Automotive Property for $4.3 Million
MILL VALLEY, Calif., May 29, 2025--(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 via sale-leaseback of a Christian Brothers Automotive property for $4.3 million. The property is located in a strong retail corridor in Illinois with high traffic and attractive demographics. The property is under a long-term lease guaranteed by the corporate entity. The transaction was priced at a cap rate in range with previous FCPT transactions. About FCPT FCPT, 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 Category: Acquisition View source version on Contacts Four Corners Property Trust:Bill Lenehan, 415-965-8031CEO Patrick Wernig, 415-965-8038CFO
Yahoo
29-05-2025
- Automotive
- Yahoo
FCPT Announces Acquisition of an Automotive Service Property for $5.3 Million
MILL VALLEY, Calif., May 29, 2025--(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 an automotive service property leased to a national operator for $5.3 million. The property is newly constructed and located in a highly trafficked corridor in Arkansas and under a corporate long term triple net lease. The transaction was priced at a 6.8% cap rate on rent as of the closing date and exclusive of transaction costs. About FCPT FCPT, 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 Category: Acquisition View source version on Contacts Four Corners Property Trust:Bill Lenehan, 415-965-8031CEO Patrick Wernig, 415-965-8038CFO Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Automotive
- Yahoo
FCPT Announces Acquisition via Sale-Leaseback of Four Christian Brothers Automotive Properties for $16.9 Million
MILL VALLEY, Calif., May 23, 2025--(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 via sale-leaseback of four Christian Brothers Automotive properties for $16.9 million. The properties are located across Ohio (2), Florida (1), and Nebraska (1). The sites are in strong retail corridors with high traffic and attractive demographics. The properties are each under a long-term lease guaranteed by the corporate entity. The transaction was priced at a cap rate in range with previous FCPT transactions. About FCPT FCPT, 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 Category: Acquisition View source version on Contacts Four Corners Property Trust:Bill Lenehan, 415-965-8031CEO Patrick Wernig, 415-965-8038CFO Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
