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Stock impact report

FCPT Announces Acquisition of Three Christian Brothers Automotive Properties for $9.6 Million

Four Corners Property Trust, Inc. (FCPT) 
Last four corners property trust, inc. earnings: 2/12 04:05 pm Check Earnings Report
Company Research Source: Business Wire
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 (“FCPT” or the “Company”), is pleased to announce the acquisition of three Christian Brothers Automotive properties for $9.6 million. Christian Brothers Automotive is an auto repair business with over 250 locations across 30 states, known for its customer-first approach and commitment to high-quality service. The properties are located in strong retail corridors in Alabama, Colorado, and Louisiana and are occupied under long term, triple net leases with a weighted average 12 years of term remaining. The transaction was priced at a cap rate in range with previous FCPT transactions.About FCPTFCPT, 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 C Show less Read more
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