FCPT Acquires Three Tire Properties for USD 2.5m.
MANews-(C)2009-2021
US-based real estate investment trust Four Corners Property Trust (NYSE: FCPT) has acquired three Tire properties for USD 2.5m, the firm said.
The properties are located in dense corridors in Maryland and are under a master lease to the corporate entity with approximately eight years of term remaining.
The transaction was priced at a 6.5% going-in cash capitalization rate, exclusive of transaction costs.
FCPT, headquartered in Mill Valley, California, is a real estate investment trust...
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