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Fcpt Announces Acquisition Of Two Express Oil Change Properties For $4.6 Million

Dec 23, 2021over 3 years ago

Acquiring Company

Four Corners Property Trust

Acquired Company

Two Express Oil Change Properties

Mill ValleyReal Estate

Description

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.

Company Information

Company

Four Corners Property Trust

Location

Mill Valley, California, United States

About

Four Corners Property Trust (FCPT) is a real estate investment trust primarily engaged in the ownership, acquisition, and leasing of high-quality, net-leased restaurant and retail properties. The company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.

DealWatch™ Score

87
High M&A Activity

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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