FCPT Announces Acquisition Of Three Mo'Bettahs Properties For $6.6M
Portfolio Pulse from Benzinga Newsdesk
Four Corners Property Trust (NYSE:FCPT) has acquired three Mo'Bettahs properties for $6.6 million. The properties are located in Kansas, Missouri, and Oklahoma and are occupied under a long-term, triple net lease with approximately 15 years of term remaining.
June 22, 2023 | 8:06 pm
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FCPT acquires three Mo'Bettahs properties for $6.6M, expanding its portfolio in Kansas, Missouri, and Oklahoma.
The acquisition of the three Mo'Bettahs properties for $6.6 million expands FCPT's portfolio and presence in Kansas, Missouri, and Oklahoma. The properties are occupied under a long-term, triple net lease with approximately 15 years of term remaining, providing stable income for the company. This news is likely to have a positive impact on FCPT's stock price in the short term.
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