Four Corners Property Trust Inc. $(FCPT)$, a real estate investment trust, has announced the acquisition of four Christian Brothers Automotive properties through a sale-leaseback deal valued at $16.9 million. These properties, located in Ohio (2), Florida (1), and Nebraska (1), are situated in high-traffic retail areas with strong demographics. Each property is secured under a long-term lease guaranteed by the corporate entity. This transaction aligns with the cap rate range of FCPT's previous deals.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.