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
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100