FCPT Acquires National Tire and Battery Property from Washington Prime Group for USD 1.6m.
MANews-(C)2009-2021
US-based real estate investment trust Four Corners Property Trust (NYSE: FCPT) has acquired a National Tire and Battery property for USD 1.6m, the company said.
The property is located in a dense corridor in Maryland and is corporate-operated with approximately five years of term remaining.
The transaction was priced at a cap rate in range with previous FCPT transactions.
FCPT, headquartered in Mill Valley, California, is a real estate investment trust primarily engaged...
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