FCPT Announces Acquisition of a Raising Cane's Property, a Dollar General Property, and a Jiffy Lube Property for $6.6 Million
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Four Corners Property Trust (FCPT) has acquired three properties, including Raising Cane's, Dollar General, and Jiffy Lube, for $6.6 million. These properties are located in Texas and Florida and are under long-term, triple net leases.
November 19, 2024 | 11:30 pm
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Four Corners Property Trust has expanded its portfolio by acquiring three new properties for $6.6 million, enhancing its asset base with long-term, triple net leases.
The acquisition of these properties strengthens FCPT's portfolio with stable, long-term income from triple net leases. This is likely to positively impact FCPT's stock price in the short term as it enhances their asset base and revenue potential.
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