Thursday, March 28, 2024
spot_img
HomeNewsBusiness WireFCPT Announces Acquisition of a Caliber Collision Property for $1.1 Million

FCPT Announces Acquisition of a Caliber Collision Property for $1.1 Million

MILL VALLEY, Calif.–(BUSINESS WIRE)–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 a Caliber Collision property for $1.1 million. The property is located in a highly trafficked corridor in Michigan and is corporate-operated under a net lease with approximately nine years of term remaining. The transaction was priced at a 6.6% 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

spot_img
RELATED ARTICLES
spot_img
spot_img
spot_img

Caribbean News

France to open Embassy in Guyana

GEORGETOWN, Guyana (DPI) - The governments of Guyana and France have announced their decision to establish a French Embassy in Georgetown in 2025, highlighting...

Global News

Afreximbank – CDP signs MoU for €200-million facility to support food security interventions across Africa

The financing will support the Bank’s interventions in food security and climate smart agriculture. The two also signed an MoU to enhance cooperation...