Four Corners Property Trust (FCPT) “announces the acquisition of a Jiffy Lube property for $2.7 million. The property is newly constructed and located in a strong retail corridor in Colorado. The property is under a long term, triple net lease guaranteed by the corporate entity with approximately 12 years of term remaining. The transaction was priced at a 7.0% cap rate on rent as of the closing date and exclusive of transaction costs.”
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FCPT:
- Four Corners Property Trust acquires Baptist Health property for $4.7M
- Four Corners Property Trust acquires VCA Animal Hospital property for $5.8M
- Four Corners Property Highlights Growth in Investor Presentations
- Four Corners Property Trust price target lowered to $25 from $27 at Wells Fargo
- Four Corners Property Trust acquires Caliber Collision property for $4.9M