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FCPT Announces Acquisition of a Tires Plus Property for $1.7 Million

1. FCPT acquired a Tires Plus property for $1.7 million. 2. The property has a strong lease term in a high-traffic area.

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$27.3906/13 04:34 PM EDTEvent Start
$27.2906/16 04:55 PM EDTLatest Updated
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FAQ

Why Bullish?

The acquisition of a property in a high-traffic area often increases the portfolio's value. Historically, similar acquisitions led to appreciation in real estate investment trusts (REITs).

How important is it?

The acquisition aligns with FCPT's strategy enhancing its portfolio, which is likely to attract investors. The nature of the property and its location may reflect positively on future income potential.

Why Short Term?

The immediate impact of the acquisition can lead to positive market perception and stock performance. A recent comparable acquisition by a competitor showed a price increase shortly after acquisition announcements.

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SPGONLY
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 $1.7 million. The property is located in a highly trafficked corridor in Georgia and corporate-operated under a triple net lease with approximately three years of term remaining. The.

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