FCPT Announces Acquisition of a Tires Plus Property for $1.6 Million

Core Viewpoint - Four Corners Property Trust (FCPT) has successfully acquired a Tires Plus property for $1.6 million, indicating its ongoing strategy to expand its portfolio of high-quality, net-leased restaurant and retail properties [1] Acquisition Details - The Tires Plus property is located in a strong retail corridor in Illinois, suggesting a favorable market position for the investment [1] - The property is corporate-operated under a triple net lease, which typically provides stable income for the landlord [1] - There are approximately four years remaining on the lease term, indicating a near-term opportunity for revenue generation [1]