FCPT Acquires Two Express Oil Change Properties for USD 4.6m.
MANews-(C)2009-2021
US-based real estate investment trust Four Corners Property Trust (NYSE: FCPT) has acquired two Express Oil Change properties for USD 4.6m, the company said.
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.
FCPT, headquartered in Mill Valley, California, is a real estate investment trust primarily...
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