Business
FCPT Announces Acquisition of Four Cheddar's Scratch Kitchen Properties for $14.7 Million
MILL VALLEY, Calif., June 24, 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 four Cheddar's Scratch Kitchen properties for $14.7 million. The properties are located in strong retail corridors in Kentucky (2), Indiana (1), and Virginia (1). The properties are each corporate-operated and u
About this update from Four Corners Property Trust, Inc.
[{"type":"text","content":"MILL VALLEY, Calif., June 24, 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 four Cheddar's Scratch Kitchen properties for $14.7 million. The properties are located in strong retail corridors in Kentucky (2), Indiana (1), and Virginia (1). The properties are each corporate-operated and under long-term triple net leases. The transaction was priced at a cap rate in range with previous FCPT transactions.","length":657,"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/20250624576991/en/","length":98,"tagName":"p"},{"type":"text","content":"Contacts","length":8,"tagName":"p"},{"type":"text","content":"Four Corners Property Trust:Bill Lenehan, 415-965-8031CEOPatrick Wernig, 415-965-8038CFO","length":93,"tagName":"p"}]