FCPT Continues With Expansionary Efforts, Buys Applebee's Property

Key Takeaways FCPT acquired an Applebee's site for $4.3M, leased under a triple-net deal with seven years remaining.FCPT bought a $4.4M National Veterinary Associates property on a long-term net lease with 15 years remaining.Recent acquisitions across medical, auto service and dining diversify revenues, yet debt levels pose risks.Four Corners Property Trust (FCPT) recently announced the acquisition of an Applebee's property for $4.3 million. The move highlights expansionary and diversification efforts.The p ...