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FCPT Announces Sale-Leaseback of Nine Burger King Properties from Ampler Restaurant Group for $19.9 Million

1. FCPT acquires nine Burger King properties for $19.9 million. 2. The properties are in strong retail areas in Tennessee.

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FAQ

Why Bullish?

The acquisition indicates strategic growth and increased asset base, similar to past successful expansions of FCPT, which typically lead to positive market sentiment.

How important is it?

The acquisition strengthens FCPT’s portfolio, potentially boosting investor confidence and pricing power in the REIT sector.

Why Long Term?

Investments in solid retail locations can yield sustained rental income, enhancing FCPT's long-term financial health.

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PEIOADCSRC
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 nine Burger King properties for $19.9 million from Ampler Restaurant Group via sale-leaseback. The properties are located in strong retail corridors in Tennessee and are franchisee-operated under long-term, t.

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