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FCPT
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FCPT Announces Acquisition of an Automotive Service Property for $4.8 Million

1. FCPT acquired an automotive service property for $4.8 million. 2. The property is leased to a national operator on a long-term lease. 3. Acquisition price aligns with FCPT's previous transaction cap rates. 4. Property is situated in a high-traffic area in Texas for increased value. 5. FCPT focuses on expanding its portfolio in the restaurant and retail sectors.

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FAQ

Why Bullish?

The acquisition may enhance FCPT's revenue potential, similar to successful past deals.

How important is it?

Acquisitions are crucial for REITs like FCPT to drive growth and shareholder value.

Why Long Term?

Long-term leases contribute to stable income growth for FCPT over time.

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FCPT
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 an automotive service property leased to a national operator for $4.8 million. The property is located in a highly trafficked corridor in Texas and under a corporate long-term triple net lease. The transaction was priced at a cap rate in range with previous FCPT transactions. About FCPT FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at www.fcpt.com. Category: Acquisition

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