FCPT buys newly built Gerber Collision property in Texas for $4.8 million

Four Corners Property Trust, Inc.

Four Corners Property Trust, Inc.

FCPT

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  • FCPT acquired a newly built Gerber Collision property in Texas for USD 4.8 million.
  • Asset is corporate-operated under a net lease with about four years remaining.
  • Deal priced at a 7% cap rate, including rent credits received at closing, excluding transaction costs.


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