FCPT Announces $32.5 million Outparcel Portfolio with PREIT
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 that it has signed a definitive agreement for the purchase of 11 outparcel properties from PREIT (NYSE: PEI) for $32.5 million. The transaction is priced at a 6.5% going-in cash cap rate, exclusive
FCPT Announces $32.5 million Outparcel Portfolio with PREIT
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 that it has signed a definitive agreement for the purchase of 11 outparcel properties from PREIT (NYSE: PEI) for $32.5 million. The transaction is priced at a 6.5% going-in cash cap rate, exclusive