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 a Red Robin property for $2.4 million from the PREIT transaction previously announced in June 2022. The property is located in a strong retail corridor in Maryland and is occupied under a triple net lease to the corporate entity with approximately 4 years of term remaining. The overall transaction was priced at a 6.5% going-in cash capitalization rate, exclusive of transactions costs. About FCPT FCPT, headquartered in Mill Valley, CA, is a rea(…) Read More »

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