{"id":922073,"date":"2025-12-22T19:26:08","date_gmt":"2025-12-23T00:26:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/fcpt-announces-acquisition-of-an-applebees-property-for-4-3-million\/"},"modified":"2025-12-22T19:26:08","modified_gmt":"2025-12-23T00:26:08","slug":"fcpt-announces-acquisition-of-an-applebees-property-for-4-3-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/fcpt-announces-acquisition-of-an-applebees-property-for-4-3-million\/","title":{"rendered":"FCPT Announces Acquisition of an Applebee’s Property for $4.3 Million"},"content":{"rendered":"

<\/p>\n

FCPT Announces Acquisition of an Applebee’s Property for $4.3 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 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.<\/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>.<\/p>\n

Category: Acquisition<\/b><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20251222654649\/en\/<\/a><\/span><\/p>\n

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

\nPatrick Wernig, 415-965-8038
\n
CFO<\/p>\n

KEYWORDS:<\/b> California 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 an Applebee’s Property for $4.3 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 (\u201cFCPT\u201d or the \u201cCompany\u201d), 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. About FCPT FCPT, headquartered … <\/p>\n

Continue reading “FCPT Announces Acquisition of an Applebee’s Property for $4.3 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-922073","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nFCPT Announces Acquisition of an Applebee's Property for $4.3 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-an-applebees-property-for-4-3-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 an Applebee's Property for $4.3 Million - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"FCPT Announces Acquisition of an Applebee’s Property for $4.3 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 (\u201cFCPT\u201d or the \u201cCompany\u201d), 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. 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