Four Corners Property Trust Inc. (NYSE: FCPT), a real estate investment trust specializing in high-quality, net-leased restaurant and retail properties, has announced the acquisition of a Mavis Tire property for $2.6 million. The property, situated in a prime retail corridor in Mississippi, is operated under a long-term, triple net lease with approximately 11 years remaining. The transaction was completed with a 7.0% cap rate, factoring in rent credits received at closing and excluding transaction costs.
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