FCPT Announces Acquisition of an Automotive Service Property for $4.8 Million
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Four Corners Property Trust (FCPT) has acquired an automotive service property in Texas for $4.8 million. The property is under a long-term triple net lease with a national operator.
January 28, 2025 | 11:30 pm
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Four Corners Property Trust has expanded its portfolio by acquiring an automotive service property in Texas for $4.8 million. This acquisition is part of FCPT's strategy to own high-quality, net-leased properties.
The acquisition of a new property aligns with FCPT's strategy of expanding its portfolio of net-leased properties. This could positively impact FCPT's revenue and asset base, leading to a potential short-term increase in stock price.
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