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FCPT Announces Acquisition of a Bojangles Property for $2.2 Million

1. FCPT acquires a Bojangles property for $2.2 million in Tennessee. 2. The property features a corporate triple net lease with six years remaining.

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FAQ

Why Bullish?

Acquisitions like this typically signify growth prospects, enhancing FCPT's asset portfolio and revenue. Historical trends show similar acquisitions positively impacting REIT valuations.

How important is it?

The acquisition indicates strategic growth and stability, likely to attract investor interest. Such developments often lead to increased market confidence in REITs.

Why Long Term?

The long-term lease secures cash flow stability, contributing positively to FCPT's future valuations. Past acquisitions have shown sustained financial improvements over several years.

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BXDLRSPG
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 a Bojangles property for $2.2 million. The property is located in a strong retail corridor in Tennessee and is corporate-operated under a triple net lease with approximately six years of term remaining. The t.

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