{"id":714517,"date":"2022-11-22T18:03:33","date_gmt":"2022-11-22T23:03:33","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/fcpt-announces-acquisition-of-a-chilis-property-from-seritage-transaction-for-2-6-million\/"},"modified":"2022-11-22T18:03:33","modified_gmt":"2022-11-22T23:03:33","slug":"fcpt-announces-acquisition-of-a-chilis-property-from-seritage-transaction-for-2-6-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/fcpt-announces-acquisition-of-a-chilis-property-from-seritage-transaction-for-2-6-million\/","title":{"rendered":"FCPT Announces Acquisition of a Chili\u2019s Property from Seritage Transaction for $2.6 million"},"content":{"rendered":"

<\/p>\n

FCPT Announces Acquisition of a Chili\u2019s Property from Seritage Transaction for $2.6 million<\/b><\/p>\n

MILL VALLEY, Calif.–(BUSINESS WIRE<\/a>)–
\nFour 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 (\u201cFCPT\u201d or the \u201cCompany\u201d), is pleased to announce the acquisition of a Chili\u2019s property for $2.6 million from the Seritage transaction previously announced in October 2019 and expanded in August 2020. The property is located in a strong retail corridor in Florida and is under a triple net lease. The transaction was priced at a cap rate in range with previous FCPT transactions.\n<\/p>\n

\nThis is the last property to be acquired from the previously announced portfolio transactions with Seritage. Inclusive of today\u2019s transaction, FCPT has acquired a total of 27 properties for $80.8 million from Seritage.\n<\/p>\n

About FCPT<\/b><\/p>\n

\nFCPT, 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<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20221122005862\/en\/<\/a><\/span><\/p>\n

\nFour Corners Property Trust:
\n
Bill Lenehan, 415-965-8031
\n
CEO\n<\/p>\n

\nGerry Morgan, 415-965-8032
\n
CFO\n<\/p>\n

KEYWORDS:<\/b> California Florida United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> REIT Restaurant\/Bar Retail Commercial Building & Real Estate Construction & Property<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

FCPT Announces Acquisition of a Chili\u2019s Property from Seritage Transaction for $2.6 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 (\u201cFCPT\u201d or the \u201cCompany\u201d), is pleased to announce the acquisition of a Chili\u2019s property for $2.6 million from the Seritage transaction previously announced in October 2019 and expanded in August 2020. The property is located in a strong retail corridor in Florida and is under a triple net lease. The transaction was priced at a cap rate in range with previous FCPT transactions. This is the last property to be acquired from the previously announced portfolio transactions with Seritage. … <\/p>\n

Continue reading “FCPT Announces Acquisition of a Chili\u2019s Property from Seritage Transaction for $2.6 million”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-714517","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nFCPT Announces Acquisition of a Chili\u2019s Property from Seritage Transaction for $2.6 million - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/fcpt-announces-acquisition-of-a-chilis-property-from-seritage-transaction-for-2-6-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FCPT Announces Acquisition of a Chili\u2019s Property from Seritage Transaction for $2.6 million - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"FCPT Announces Acquisition of a Chili\u2019s Property from Seritage Transaction for $2.6 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 (\u201cFCPT\u201d or the \u201cCompany\u201d), is pleased to announce the acquisition of a Chili\u2019s property for $2.6 million from the Seritage transaction previously announced in October 2019 and expanded in August 2020. 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