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MILL VALLEY, Calif. (BUSINESS WIRE) Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant. ....
Press release content from Business Wire. The AP news staff was not involved in its creation. FCPT Announces Sale-Leaseback of a Jiffy Lube Property for $1.6 Million December 31, 2020 GMT MILL VALLEY, Calif. (BUSINESS WIRE) Dec 31, 2020 Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Jiffy Lube property for $1.6 million via a sale-leaseback transaction. The property is located in a strong retail corridor in Indiana and is occupied under a new triple net lease by a franchisee operator (Hoosier Automotive Services) with 15 years of term remaining. The transaction was priced at a going-in cash capitalization in range with previous FCPT transactions. ....
FCPT Announces Acquisition of a REI Property from Seritage Transaction for $6.8 Million MILL VALLEY, Calif. (Business Wire) Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Recreation Equipment, Inc. (“REI”) property for $6.8 million from the Seritage transaction announced in October 2019 and expanded in August 2020. The property is located in a strong retail corridor in Virginia and is corporate-operated under a net lease with approximately five years of term remaining. The Seritage transaction was priced at a cap rate in range with previous FCPT transactions. ....
5 Stocks To Watch For December 31, 2020 benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Price action over last quarter: Up 19.89% Company Overview Darden is one of the largest players in the $185 billion U.S. casual dining industry. Olive Garden (871 units), LongHorn (522), and Cheddar s Scratch Kitchen (165 company-owned units) are its core brands, while the smaller, faster-growing specialty restaurant group is made up of Yard House (80), The Capital Grille (59), Seasons 52 (43), Bahama Breeze (41), and Eddie V s (23). In November 2015, the company spun off selected real estate and restaurant assets into Four Corners Property Trust. ....