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FCPT Announces Acquisition of Two Caliber Collisions for $3.8 million

MILL VALLEY, Calif.--(BUSINESS WIRE)--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 two Caliber Collision properties for $3.8 million. The properties are located in dense retail corridors in Colorado and Oklahoma. Both properties are corporate-operated under triple net leases with a weighted average of 8.0 years of term remaining. The transaction was priced at a 6.5% going-in cash 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

Bill Lenehan, 415-965-8031
CEO

Gerry Morgan, 415-965-8032
CFO

Industry:

Four Corners Property Trust

NYSE:FCPT
Release Versions
English

Contacts

Bill Lenehan, 415-965-8031
CEO

Gerry Morgan, 415-965-8032
CFO

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