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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 in Wisconsin. 2. The property has a long-term triple net lease, enhancing revenue stability.

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FAQ

Why Bullish?

The acquisition of assets under a long-term lease promotes revenue stability. Historical data shows similar acquisitions have positively affected REIT valuations.

How important is it?

The strategic acquisition signals FCPT's growth trajectory and commitment to solid investments, likely appealing to investors.

Why Long Term?

Long-term leases contribute to steady income streams, supporting FCPT's growth over time. Previous acquisitions have led to sustained revenue growth for the company.

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SPGOVTRREGWPC
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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