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FCPT Announces Acquisition of Two Caribou Coffee Properties for $2.8 Million

1. FCPT acquired two Caribou Coffee properties for $2.8 million. 2. The properties are under long-term, triple net leases in Wisconsin.

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FAQ

Why Bullish?

This acquisition reflects FCPT's strategy to expand its portfolio. Previous expansions led to positive growth and investor interest.

How important is it?

The acquisition aligns with FCPT's growth strategy, potentially increasing future revenue streams significantly.

Why Long Term?

The long-term leases provide stable cash flows, enhancing future earnings stability, similar to past acquisitions.

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CARBUAVBDLR
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 (“FCPT” or the “Company”), is pleased to announce the acquisition of two Caribou Coffee properties for $2.8 million. The properties are located in highly trafficked corridors in Wisconsin and are corporate-operated under long term, triple net leases with approximately seven ye.

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