FCPT Acquires California Applebee's Property for $4.3 Million

Reuters08:23

Four Corners Property Trust (FCPT) has acquired an Applebee's property in California for $4.3 million. The restaurant is operated by Flynn Group under a triple net lease with about seven years remaining. The deal was completed at a 6.2% cap rate on base rent and a 7.4% cap rate including estimated percentage rent.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FCPT - Four Corners Property Trust Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251222654649) on December 23, 2025, and is solely responsible for the information contained therein.

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