SPY363.67+1.01 0.28%
DIA299.24+0.50 0.17%
IXIC12,205.85+111.44 0.92%

FCPT Announces Acquisition Of A Caliber Collision Property For $3.3M

FCPT Announces Acquisition of a Caliber Collision Property for $3.3 million Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased

· 11/16/2020 16:10

FCPT Announces Acquisition of a Caliber Collision Property for $3.3 million

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties ("FCPT" or the "Company"), is pleased to announce the acquisition of a Caliber Collision property for $3.3 million. The property is newly constructed and located in a strong retail corridor in a highly trafficked corridor in Indiana and is operated under a triple net lease to the brand's corporate entity with approximately 15 years of term remaining. The transaction was priced at a cap rate in range with previous FCPT transactions.

About FCPT

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201116005999/en/