Fcpt Announces Acquisition Of Two Express Oil Change Properties For $4.6 Million
Dec 23, 2021•over 3 years ago
Acquiring Company
Four Corners Property Trust
Acquired Company
Two Express Oil Change Properties
Mill ValleyReal EstateDescription
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of two Express Oil Change properties for $4.6 million. The properties are located in highly trafficked corridors in Mississippi and both leases are with the corporate entity. The transaction was priced at a 6.3% going-in cash capitalization rate, exclusive of transaction costs.
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Tech stack consolidation
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