- Four Corners Property Trust Inc (NYSE:FCPT) has acquired a Caliber Collision property for $6.1 million.
- The property is located in a strong retail corridor in Tennessee and is corporate operated under a net lease with about seven years of term remaining.
- The transaction was priced at a 6.7% cap rate, including near term rent increases.
- FCPT, a real estate investment trust, primarily engages in the ownership and acquisition of high-quality, net-leased restaurant and retail properties.
- The company held $36.7 million in cash and equivalents as of September 30, 2022.
- Price Action: FCPT shares closed at $26.74 on Thursday.
Why Ensysce Biosciences Stock Is Exploding Higher During Wednesday’s Session
Ensysce Biosciences Inc (NASDAQ: ENSC) shares are trading higher by 21.81% to $0.82 Wednesday after the company announced initiation of the final stage of its opioid overdose protection Phase 1 study.
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