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FCPT Announces Acquisition of a Tires Plus Property for $1.6 Million

1. FCPT acquired a Tires Plus property for $1.6 million. 2. The property has a strong retail location and a triple net lease.

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$24.409/30 10:35 PM EDTLatest Updated
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FAQ

Why Bullish?

The acquisition of strategically located properties can enhance FCPT's portfolio and revenue stability. Previous acquisitions have positively influenced FCPT's stock price, indicating strong market reception.

How important is it?

Strategic acquisitions like this reinforce FCPT's market position, likely attracting investor interest.

Why Long Term?

The long-term effects of property acquisitions typically manifest as increased cash flow and asset appreciation over time, as seen in FCPT's historical performance.

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SPGREGSRC
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 Tires Plus property for $1.6 million. The property is located in a strong retail corridor in Illinois and is corporate-operated under a triple net lease with approximately four years of term remaining. The.

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