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FCPT Announces Acquisition via Sale Leaseback of Three Automotive Service Properties for $5.9 Million
Businesswireยท 2025-11-18 00:01
Core Viewpoint - Four Corners Property Trust (FCPT) has announced the acquisition of three automotive service properties for $5.9 million, indicating a strategic move to expand its portfolio in high-quality, net-leased properties [1] Group 1: Acquisition Details - The acquisition was made via sale leaseback, a common strategy in real estate investment trusts (REITs) [1] - The properties are located in strong retail corridors in Missouri, suggesting a focus on prime locations for investment [1] - The properties are corporate-operated under triple net leases with a duration of 15 years, providing stable and predictable cash flows for the company [1]