Business
FCPT Announces Acquisition of an Applebee's Property for $4.3 Million
MILL VALLEY, Calif., December 23, 2025--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 Applebee's property for $4.3 million. The property is located in a strong retail corridor in California and franchisee-operated by Flynn Group under a triple net lease with approximately seven years of te
About this update from Four Corners Property Trust, Inc.
[{"type":"text","content":"MILL VALLEY, Calif., December 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 of an Applebee's property for $4.3 million. The property is located in a strong retail corridor in California and franchisee-operated by Flynn Group under a triple net lease with approximately seven years of term remaining. The transaction was priced at a 6.2% cap rate on base rent and a 7.4% cap rate inclusive of estimated percentage rent both as of the closing date and exclusive of transaction costs.","length":736,"tagName":"p"},{"type":"text","content":"About FCPT","length":10,"tagName":"p"},{"type":"text","content":"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 www.fcpt.com.","length":400,"tagName":"p"},{"type":"text","content":"Category: Acquisition","length":21,"tagName":"p"},{"type":"text","content":"View source version on businesswire.com: https://www.businesswire.com/news/home/20251222654649/en/","length":98,"tagName":"p"},{"type":"text","content":"Contacts","length":8,"tagName":"p"},{"type":"text","content":"Four Corners Property Trust:Bill Lenehan, 415-965-8031CEO","length":59,"tagName":"p"},{"type":"text","content":"Patrick Wernig, 415-965-8038CFO","length":32,"tagName":"p"}]