Skip to main content

FCPT Announces Acquisition of a Portfolio of 3 Caliber Collision Properties for $5.4 Million

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 three Caliber Collision properties for $5.4 million. The properties are located in highly trafficked corridors in Indiana and are corporate-operated under net leases with a weighted average of approximately five years of term remaining. The transaction was priced at a 7.0% cap rate, 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.

Contacts

Four Corners Property Trust:

Bill Lenehan, 415-965-8031

CEO

Gerry Morgan, 415-965-8032

CFO

Recent Quotes

View More
Symbol Price Change (%)
AMZN  226.82
-3.46 (-1.50%)
AAPL  278.34
+0.31 (0.11%)
AMD  211.88
-9.55 (-4.31%)
BAC  55.10
+0.54 (1.00%)
GOOG  310.97
-2.73 (-0.87%)
META  645.24
-7.48 (-1.15%)
MSFT  478.35
-5.12 (-1.06%)
NVDA  176.25
-4.68 (-2.58%)
ORCL  189.62
-9.23 (-4.64%)
TSLA  452.07
+5.18 (1.16%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.