Four Corners Property Trust (FCPT) announced the acquisition via sale-leaseback of four Christian Brothers Automotive properties for $16.9M. “The properties are located across Ohio, Florida, and Nebraska. The sites are in strong retail corridors with high traffic and attractive demographics. The properties are each under a long-term lease guaranteed by the corporate entity. The transaction was priced at a cap rate in range with previous FCPT transactions,” the company stated.
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