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 a Taco Bell property for $1.7 million. The property is located in a strong retail corridor in Illinois and is franchisee-operated under a triple net lease to K-MAC Enterprises, Inc. (“K-MAC”) with approximately five years of term remaining. K-MAC is one of the largest Taco Bell franchisees in the United States, with over 340 Taco Bell restaurants across 10 states. The transaction was priced at a 7.5% cap rate on rent as of the closing date and exclusive of transaction costs.
About FCPT
FCPT, 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.
Category: Acquisition
Contacts
Four Corners Property Trust:
Bill Lenehan, 415-965-8031
CEO
Patrick Wernig, 415-965-8038
CFO
MISSION VIEJO, Calif., July 10, 2026 /PRNewswire/ -- PIP, a leading marketing, signs and print…
"The Justice Department says the parties challenging marijuana rescheduling are protecting their revenue and have…
NEW YORK, USA / ACCESS Newswire / July 10, 2026 / In the international arena,…
VANCOUVER, BC / ACCESS Newswire / July 10, 2026 / Alaska Energy Metals Corporation (TSXV:AEMC)(OTCQB:AKEMF)…
A single advisor across deal origination, platform creation, capital formation, and transaction execution - built…
VANCOUVER, BC / ACCESS Newswire / July 10, 2026 / Discovery Energy Metals Corp. (CSE:DEMC)(OTCQB:DEMCF)(FRA:Q3Q0)(WKN:…