U.S. Markets open in 1 hr 58 mins
  • S&P Futures

    3,629.25
    -7.25 (-0.20%)
     
  • Dow Futures

    29,748.00
    -126.00 (-0.42%)
     
  • Nasdaq Futures

    12,291.75
    +34.25 (+0.28%)
     
  • Russell 2000 Futures

    1,844.30
    -8.70 (-0.47%)
     
  • Crude Oil

    45.02
    -0.51 (-1.12%)
     
  • Gold

    1,772.50
    -15.60 (-0.87%)
     
  • Silver

    22.23
    -0.41 (-1.83%)
     
  • EUR/USD

    1.1992
    +0.0022 (+0.1799%)
     
  • 10-Yr Bond

    0.8420
    0.0000 (0.00%)
     
  • Vix

    22.09
    +0.84 (+3.95%)
     
  • GBP/USD

    1.3342
    +0.0027 (+0.2055%)
     
  • USD/JPY

    104.0870
    +0.0020 (+0.0019%)
     
  • BTC-USD

    18,759.40
    +407.96 (+2.22%)
     
  • CMC Crypto 200

    369.27
    +31.78 (+9.42%)
     
  • FTSE 100

    6,372.87
    +5.29 (+0.08%)
     
  • Nikkei 225

    26,433.62
    -211.09 (-0.79%)
     

FCPT Announces Acquisition of a Wendy’s Property from Washington Prime Group for $1.2 Million

·1 min read

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 Wendy’s restaurant property for $1.2 million from a previously announced Washington Prime Group transaction. The property is located in Virginia and is under a triple-net lease to the brand’s corporate entity with a lease term of approximately nine years remaining. The Washington Prime portfolio was priced at a capitalization rate consistent with FCPT’s investment thresholds and past transactions.

Inclusive of today’s acquisition, FCPT has acquired a total of 49 properties for $78.9 million from Washington Prime Group.

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, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201029006326/en/

Contacts

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

Gerry Morgan, 415-965-8032
CFO