FCPT Announces Acquisition Of Tires Plus Property In Georgia For $2.1M Under Long-Term Triple Net Lease
Portfolio Pulse from Benzinga Newsdesk
Four Corners Property Trust (FCPT) has acquired a Tires Plus property in Georgia for $2.1 million. The property is under a long-term triple net lease, which is a favorable arrangement for FCPT as it ensures steady rental income with minimal management responsibilities.
October 11, 2024 | 8:10 pm
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FCPT has acquired a Tires Plus property in Georgia for $2.1 million under a long-term triple net lease, which is beneficial for the company as it provides stable rental income with minimal management responsibilities.
The acquisition of a property under a long-term triple net lease is a positive development for FCPT as it secures a stable income stream with reduced management duties. This aligns with FCPT's strategy of acquiring properties with reliable tenants and long-term leases, likely leading to a positive short-term impact on the stock price.
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