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FCPT
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FCPT Announces Acquisition of an Automotive Service Property for $4.9 Million

1. FCPT acquired an automotive service property for $4.9 million. 2. The property is leased to a national operator with a long-term lease. 3. It is located in a high-traffic area in Ohio. 4. The transaction has a cap rate of 6.8% on rent.

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Why Bullish?

The acquisition enhances FCPT's portfolio diversification and revenue stream. Positive past acquisitions have historically led to share price increases.

How important is it?

The acquisition aligns with FCPT's growth strategy and can enhance shareholder value. The robust lease framework establishes a reliable income source.

Why Long Term?

The long-term lease secures stable income, positively affecting future valuations. Past examples show sustained revenue growth from strategic property acquisitions.

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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 $4.9 million. The property is located in a highly trafficked corridor in Ohio and under a corporate long-term triple net lease. The transaction was priced at a 6.8% cap rate on rent as of the closing date and exclusive of transaction costs. 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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