Four Corners Property Trust FCPT recently acquired a Buffalo Wild Wings property in a highly trafficked corridor in New Mexico for $2.8 million. Priced at a 6.8% cap rate on rent as of the closing date and excluding the transaction costs, the property is corporate-operated under long-term triple net leases with approximately nine years of term remaining. The move underscores the company’s efforts to expand and diversify its portfolio.
In other news, FCPT acquired a United Rentals property and a Buffalo Wild Wings property in highly trafficked corridors in Alabama and Kentucky, respectively, for $5.4 million. The property is corporate-operated under long-term, net leases with a weighted average of nine years of term remaining. The transaction was priced at a 6.9% cap rate on rent as of the closing date and exclusive of transaction costs.
The company also announced the acquisition of a Sprouts Farmers Market property for $8.6 million. The property is located in a strong retail corridor in Tennessee. Priced at a cap rate in line with the previous transactions, the property is corporate-operated under a long-term net lease.
Including the above acquisition, FCPT completed real estate acquisitions of 105 properties in 2025 for a total investment of approximately $318 million, exclusive of transaction costs.
FCPT: In a Snapshot
This real estate investment trust (REIT), mainly engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties, has a track record of acquisitions. Last week, FCPT acquired the Crash Champions property for $2.6 million in a strong retail corridor in Ohio. The company also acquired an Applebee's property and a newly constructed National Veterinary Associates property during that week.
The above purchases fall in line with Four Corners’ strategy of structuring a portfolio that will withstand varied economic cycles. However, the company’s growth plans could encounter challenges due to its sizable $1.23 billion debt load as of Sept. 30, 2025.
In the past month, shares of this Zacks Rank #4 (Sell) company have declined 0.8% compared with the industry's fall of 2.2%.
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Stocks to Consider
Some better-ranked stocks from the broader REIT sector are Crown Castle CCI and Lamar Advertising LAMR, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for CCI’s 2025 FFO per share has been moved two cents northward over the past two months to $4.30.
The consensus estimate for LAMR’s 2025 FFO per share has been revised a cent upward to $8.19 over the past month.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
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This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
