{"id":540765,"date":"2021-09-21T18:29:04","date_gmt":"2021-09-21T22:29:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/fcpt-announces-acquisition-of-a-caliber-collision-portfolio-for-7-2-million\/"},"modified":"2021-09-21T18:29:04","modified_gmt":"2021-09-21T22:29:04","slug":"fcpt-announces-acquisition-of-a-caliber-collision-portfolio-for-7-2-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/fcpt-announces-acquisition-of-a-caliber-collision-portfolio-for-7-2-million\/","title":{"rendered":"FCPT Announces Acquisition of a Caliber Collision Portfolio for $7.2 Million"},"content":{"rendered":"

<\/p>\n

FCPT Announces Acquisition of a Caliber Collision Portfolio for $7.2 Million<\/b><\/p>\n

MILL VALLEY, Calif.–(BUSINESS WIRE<\/a>)–
\nFour 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 (\u201cFCPT\u201d or the \u201cCompany\u201d), is pleased to announce the acquisition of three Caliber Collision properties for $7.2 million. The properties are located in highly trafficked corridors in New York and are corporate-operated under net leases with a weighted average of seven years of term remaining and annual rent increases of 2%. The transaction was priced at a 6.8% cap rate on rent today, exclusive of transaction costs.\n<\/p>\n

About FCPT<\/b><\/p>\n

\nFCPT, 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<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210921006131\/en\/<\/a><\/span><\/p>\n

\nFour Corners Property Trust:
\n
Bill Lenehan, 415-965-8031
\n
CEO
\n<\/p>\n

\nGerry Morgan, 415-965-8032
\n
CFO\n<\/p>\n

KEYWORDS:<\/b> California New York United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Commercial Building & Real Estate Construction & Property REIT<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

FCPT Announces Acquisition of a Caliber Collision Portfolio for $7.2 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 (\u201cFCPT\u201d or the \u201cCompany\u201d), is pleased to announce the acquisition of three Caliber Collision properties for $7.2 million. The properties are located in highly trafficked corridors in New York and are corporate-operated under net leases with a weighted average of seven years of term remaining and annual rent increases of 2%. The transaction was priced at a 6.8% cap rate on rent today, exclusive of transaction costs. About FCPT FCPT, headquartered in Mill Valley, CA, is a real estate investment trust … <\/p>\n

Continue reading “FCPT Announces Acquisition of a Caliber Collision Portfolio for $7.2 Million”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-540765","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nFCPT Announces Acquisition of a Caliber Collision Portfolio for $7.2 Million - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/fcpt-announces-acquisition-of-a-caliber-collision-portfolio-for-7-2-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FCPT Announces Acquisition of a Caliber Collision Portfolio for $7.2 Million - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"FCPT Announces Acquisition of a Caliber Collision Portfolio for $7.2 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 (\u201cFCPT\u201d or the \u201cCompany\u201d), is pleased to announce the acquisition of three Caliber Collision properties for $7.2 million. 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