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FCPT Announces Acquisition of a Caliber Collision Property for $4.2 Million

1. FCPT acquires a Caliber Collision property for $4.2 million. 2. The property is under a long-term triple net lease in Wisconsin.

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Why Bullish?

This acquisition strengthens FCPT's portfolio, aligning with its strategy of high-quality, net-leased properties. Similar previous acquisitions have positively affected share prices, indicating market confidence.

How important is it?

The acquisition reflects FCPT's growth strategy and could influence future acquisitions, increasing investor interest. A strong retail corridor further adds potential for asset appreciation.

Why Long Term?

The long-term triple net lease ensures stable income over the next 14 years, fostering investor confidence. Historical trends show that strategic acquisitions can lead to sustained growth in REIT valuations.

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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 Caliber Collision property for $4.2 million. The property is located in a strong retail corridor in Wisconsin and is corporate-operated under a long term, triple net lease with approximately 14 years of ter.

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