Four Corners Property Trust Acquires Tires Plus Property in Georgia for $2.1 Million

authorIntellectia.AI2024-10-12
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FCPT.N
Illustration by Intellectia.AI

Four Corners Property Trust (NYSE: FCPT), a leading real estate investment trust specializing in net-leased restaurant and retail properties, has successfully acquired a Tires Plus property for $2.1 million. This strategic acquisition is located in a prime retail area in Georgia and is secured under a long-term triple net lease, ensuring stable and predictable income for FCPT. The acquisition aligns with the company's ongoing strategy to expand its portfolio with high-quality, income-generating properties. The purchase was made at a cap rate consistent with FCPT's previous transactions, demonstrating the company's commitment to maintaining a balanced and profitable investment approach.

About Four Corners Property Trust (FCPT)

Based in Mill Valley, California, Four Corners Property Trust focuses on the ownership, acquisition, and leasing of restaurant and retail properties. The company aims to enhance its portfolio by acquiring additional real estate assets for net leasing in the restaurant and retail sectors. For more information about FCPT, visit their official website.

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