Skip to main content

FCPT Announces Acquisition of a Gerber Collision Property for $1.7 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 Gerber Collision property for $1.7 million. The property is located in a highly trafficked corridor in Wisconsin and is corporate-operated under a net lease with approximately nine years of term remaining. The transaction was priced at a 7.0% capitalization rate, exclusive of transaction costs.

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.

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  225.12
-5.18 (-2.25%)
AAPL  271.20
+1.50 (0.56%)
AMD  260.38
-3.95 (-1.49%)
BAC  52.99
+0.41 (0.78%)
GOOG  284.07
+8.90 (3.23%)
META  665.88
-85.79 (-11.41%)
MSFT  531.25
-10.30 (-1.90%)
NVDA  203.27
-3.77 (-1.82%)
ORCL  268.65
-6.65 (-2.41%)
TSLA  452.14
-9.37 (-2.03%)
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.