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FCPT Announces Disposition of an Applebee’s Restaurant Property for $1.7 Million

Posted on August 5, 2022 By News Desk

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 disposition of an Applebee’s restaurant property for $1.7 million. The property is located in Michigan and is franchisee-operated under a lease with approximately two years of term remaining. This transaction was priced at a cap rate in range with previous FCPT (…..) Continue reading »

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