FCPT - Four Corners Property Trust Inc.
04/01/2026 | Press release | Distributed by Public on 04/01/2026 15:48
FCPT Announces Acquisition of a Chili's Property for $2.3 Million
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 ("FCPT" or the "Company"), is pleased to announce the acquisition of a Chili's property for $2.3 million. The property is located in a strong, highly trafficked retail corridor in Illinois and corporate-operated under a triple net lease with approximately six years of term remaining. The transaction was priced at a 6.8% cap rate including rent credits received at closing 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 https://www.fcpt.com.
Category: Acquisition
Four Corners Property Trust:
Bill Lenehan, 415-965-8031
CEO
Patrick Wernig, 415-965-8038
CFO
FCPT - Four Corners Property Trust Inc. published this content on April 01, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 01, 2026 at 21:48 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]