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

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

12/23/21, 11:45 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgmill valley
Industry
real estate
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 Info

Company
Automotive Service Property
Location
Mill Valley, California, United States
Company info
The automotive service property acquired by FCPT is located in a highly trafficked corridor in Texas and is leased to a national operator under a corporate long-term triple net lease. The transaction was priced at $4.8 million and is in line with previous FCPT transactions.

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