FCPT Announces Sale Leaseback of a Portfolio of Automotive Service Properties From a National Operator for $12 Million
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Four Corners Property Trust (FCPT) has acquired a portfolio of automotive service properties for $12 million through a sale-leaseback agreement with a national operator. The properties are located in strong retail corridors across multiple states.
December 24, 2024 | 6:45 pm
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Four Corners Property Trust has expanded its portfolio by acquiring automotive service properties for $12 million through a sale-leaseback agreement. This acquisition strengthens FCPT's presence in strong retail corridors.
The acquisition of automotive service properties for $12 million is a strategic move for FCPT, enhancing its portfolio in strong retail locations. This is likely to positively impact FCPT's stock price in the short term as it demonstrates growth and expansion in valuable areas.
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