FCPT Announces Acquisition of a Tires Plus Property for $2.3 Million

Core Viewpoint - Four Corners Property Trust (FCPT) has announced the acquisition of a Tires Plus property for $2.3 million, indicating a strategic move to enhance 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 Georgia, suggesting a favorable market position for the investment [1] - The property is corporate-operated under a long-term, triple net lease, which typically provides stable income for real estate investment trusts [1] - The transaction was priced at a cap rate, although the specific cap rate percentage is not disclosed in the announcement [1]