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FCPT Announces Acquisition of Four Cheddar's Scratch Kitchen Properties for $14.7 Million

1. FCPT acquires four Cheddar's Scratch Kitchen properties for $14.7 million. 2. The properties are strategically located in prime retail areas.

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FAQ

Why Bullish?

This acquisition strengthens FCPT's portfolio and enhances asset value. Historically, similar acquisitions have positively influenced stock performance.

How important is it?

The acquisition reflects FCPT's growth strategy and ability to secure prime assets, likely influencing investor sentiment.

Why Long Term?

Increased asset base can lead to higher rental income over time, positively affecting future earnings.

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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 four Cheddar's Scratch Kitchen properties for $14.7 million. The properties are located in strong retail corridors in Kentucky (2), Indiana (1), and Virginia (1). The properties are each corporate-operated an.

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