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FCPT Announces Acquisition via Sale-Leaseback of Four Christian Brothers Automotive Properties for $16.9 Million

1. FCPT acquires four Christian Brothers Automotive properties for $16.9 million. 2. Acquisitions bolster FCPT's portfolio in strong retail locations, enhancing growth potential.

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FAQ

Why Bullish?

The acquisition of quality properties often leads to increased revenue streams. Historical examples show that similar transactions have positively correlated with stock price increases.

How important is it?

The acquisition of strategic properties directly influences FCPT's income and investor confidence. As a REIT, such deals are crucial for growth and stability, impacting stock price.

Why Long Term?

Long-term growth is anticipated from the new properties enhancing income stability. Past acquisitions have resulted in sustained revenue growth for FCPT.

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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 via sale-leaseback of four Christian Brothers Automotive properties for $16.9 million. The properties are located across Ohio (2), Florida (1), and Nebraska (1). The sites are in strong retail corridors with hig.

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