FCPT Announces Acquisition Of A Miller's Ale House Property For $3.8M
Portfolio Pulse from Benzinga Newsdesk
Four Corners Property Trust (FCPT) has acquired a Miller's Ale House property in Georgia for $3.8 million. The property is under a long-term net lease with 11 years remaining, and the transaction was priced at a 7.2% cap rate.
November 01, 2024 | 10:54 pm
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FCPT has acquired a Miller's Ale House property in Georgia for $3.8 million, enhancing its portfolio with a long-term net lease property.
The acquisition of a property with a long-term lease and a 7.2% cap rate is likely to positively impact FCPT's revenue and asset base, making it a favorable move for the company.
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