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  207.44
+2.58 (1.26%)
AAPL  259.60
-0.98 (-0.38%)
AMD  202.77
-0.60 (-0.30%)
BAC  51.98
-0.80 (-1.51%)
GOOG  310.61
+7.05 (2.32%)
META  650.97
+6.19 (0.96%)
MSFT  397.73
-0.73 (-0.18%)
NVDA  188.29
+0.39 (0.21%)
ORCL  152.80
-3.74 (-2.39%)
TSLA  410.57
-1.13 (-0.28%)
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.