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FCPT Announces Acquisition of an Automotive Service Property for $5.8 Million

1. FCPT acquires a $5.8 million automotive service property in Texas. 2. The property is newly built and has a long-term lease with a national operator.

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$27.3906/13 11:22 PM EDTLatest Updated
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FAQ

Why Bullish?

The acquisition of a newly built property in a high-traffic area enhances FCPT's portfolio. Historically, strategic acquisitions have positively influenced REIT valuations and investor sentiment.

How important is it?

Acquiring high-quality properties is critical for FCPT's growth strategy and appeals to investors. This acquisition may lead to improved cash flow and portfolio stability.

Why Long Term?

Long-term benefits from stable cash flows due to the new lease may boost future earnings. Similar past acquisitions have led to sustained growth for FCPT.

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REITSPGSRC
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 $5.8 million. The property is newly constructed and located in a highly trafficked corridor in Texas and under a corporate long term triple net.

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