MILL VALLEY, Calif. - Four Corners Property Trust (FCPT) acquired a BJ's Restaurant and Brewhouse property in Texas for $4.6 million.
The property is located in a retail corridor in Texas and operates under a long-term triple net lease. The restaurant is corporate-operated.
The company stated the transaction was priced at a cap rate consistent with previous FCPT transactions.
Four Corners Property Trust is a real estate investment trust focused on net-leased restaurant and retail properties. Headquartered in Mill Valley, California. According to Bond.az analysis, FCPT currently trades above its Fair Value and has raised its dividend for 4 consecutive years.
In other recent news, Four Corners Property Trust reported its Q1 2026 earnings, surpassing revenue forecasts. EPS of $0.28 met expectations, while revenue of $78.17 million exceeded the projected $72.83 million by 7.33%. Additionally, FCPT acquired a Belle Tire property in Ohio for $2.4 million.
