U.S. markets open in 1 hour 46 minutes
  • S&P Futures

    3,758.00
    +1.25 (+0.03%)
     
  • Dow Futures

    30,039.00
    +57.00 (+0.19%)
     
  • Nasdaq Futures

    11,513.25
    -28.50 (-0.25%)
     
  • Russell 2000 Futures

    1,762.50
    +4.40 (+0.25%)
     
  • Crude Oil

    89.47
    +1.02 (+1.15%)
     
  • Gold

    1,718.30
    -2.50 (-0.15%)
     
  • Silver

    20.73
    +0.07 (+0.34%)
     
  • EUR/USD

    0.9797
    +0.0002 (+0.02%)
     
  • 10-Yr Bond

    3.8260
    0.0000 (0.00%)
     
  • Vix

    30.37
    +1.82 (+6.37%)
     
  • GBP/USD

    1.1192
    +0.0024 (+0.21%)
     
  • USD/JPY

    144.9270
    -0.1410 (-0.10%)
     
  • BTC-USD

    19,984.50
    -225.74 (-1.12%)
     
  • CMC Crypto 200

    454.48
    -8.64 (-1.87%)
     
  • FTSE 100

    7,007.63
    +10.36 (+0.15%)
     
  • Nikkei 225

    27,116.11
    -195.19 (-0.71%)
     

FCPT Announces Acquisition of a Caliber Collision Property for $889,000

·1 min read

MILL VALLEY, Calif., September 09, 2022--(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 $889,000. The property is located in a highly trafficked corridor in Michigan and is occupied under a net lease with approximately nine years of term remaining. The transaction was priced at a 6.9% capitalization rate including near term rent increases and 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220909005544/en/

Contacts

Four Corners Property Trust:
Bill Lenehan, 415-965-8031
CEO

Gerry Morgan, 415-965-8032
CFO