Four Corners (FCPT) Acquires Portfolio for $20M, Boosts Growth

Four Corners Property Trust (FCPT) has announced the purchase of eight Mavis Tire and affiliated operated properties for $20 million, continuing its spree of strategic acquisitions. This move, which was made as a sale- leaseback transaction, not only diversifies and strengthens FCPT's portfolio but also provides a steady income stream for the company, benefiting both the business and stockholders. Located across Alabama, Georgia, Louisiana, New Jersey, New York and Tennessee, each of these properties is ope ...