Four Corners Property Trust (FCPT) Announces Acquisition of a Portfolio of 3 Caliber Collision Properties for $5.4 Million
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Price: $23.65 --0%
Overall Analyst Rating:
NEUTRAL ( Up)
Dividend Yield: 5.7%
Revenue Growth %: +6.8%
Overall Analyst Rating:
NEUTRAL ( Up)
Dividend Yield: 5.7%
Revenue Growth %: +6.8%
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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 three Caliber Collision properties for $5.4 million. The properties are located in highly trafficked corridors in Indiana and are corporate-operated under net leases with a weighted average of approximately five years of term remaining. The transaction was priced at a 7.0% cap rate, exclusive of transaction costs.
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