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FCPT
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132 days

FCPT Announces Acquisition of an Automotive Service Property for $5.3 Million

1. FCPT acquires a $5.3 million automotive service property in Arkansas. 2. The property features a long-term triple net lease with a national operator.

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$26.904/09 10:20 PM EDTEvent Start
$26.6804/11 04:50 AM EDTLatest Updated
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FAQ

Why Bullish?

The acquisition expands FCPT's property portfolio and revenue base. Historical market performance shows REITs usually benefit from strategic acquisitions.

How important is it?

The acquisition could support continued revenue growth for FCPT, influencing investor sentiment significantly.

Why Long Term?

This acquisition enhances growth potential, which can positively affect long-term stock performance.

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VEROSRCREG
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 $5.3 million. The property is located in a highly trafficked corridor in Arkansas and under a corporate long-term triple net lease. The transac.

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