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FCPT Announces Sale Leaseback of Six Burger King Properties for $10.1 Million

1. FCPT acquires 6 Burger King properties for $10.1 million via sale leaseback. 2. Properties are in high-traffic areas, secured by long-term leases.

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Why Bullish?

The acquisition enhances FCPT's portfolio with stable, long-term cash flows, as seen in past successful property deals which helped boost share values. The firm previously benefited from similar moves, establishing robust returns, making this acquisition potentially lead to price appreciation.

How important is it?

This acquisition directly improves FCPT's asset base and potential revenue stream, making it significant for investors focusing on growth and stability in the REIT sector.

Why Long Term?

Investments in stable, triple net leased properties can provide consistent income growth over time, improving FCPT's performance in the long-term. Historically, REITs with similar acquisition strategies have shown improved financial stability and shareholder returns over an extended timeline.

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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 6 Burger King properties for $10.1 million via sale leaseback. The properties are located in highly-trafficked corridors in Texas and are each under long-term, triple net leases guaranteed by Burger King Corp.

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