FCPT Announces Acquisition via Sale-Leaseback of a GreatWater 360 Auto Care Property for $2.3 Million

Core Viewpoint - Four Corners Property Trust (FCPT) has successfully acquired a GreatWater 360 Auto Care property for $2.3 million through a sale-leaseback transaction, indicating a strategic move to enhance its portfolio of high-quality, net-leased properties [1] Group 1: Acquisition Details - The acquisition cost of the GreatWater 360 Auto Care property is $2.3 million [1] - The property is situated in a highly trafficked corridor in Minnesota, suggesting a favorable location for retail operations [1] - The property is corporate-operated under a long-term, triple net lease, which provides stable income for the company [1]