Four Corners Property is pleased to announce the acquisition of a Crash Champions property for $2.6 million. The property is located in a strong retail corridor in Ohio and is corporate-operated under a long term, net lease with approximately nine years of term remaining. The transaction was priced at a 7.2% cap rate including rent credits received at closing and exclusive of transaction costs.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FCPT:
- Four Corners Property Trust acquires Applebee’s property for $4.3M
- Four Corners Property Trust acquires Mission Pet Health properties for $9.3M
- Four Corners Property Trust acquires Tires Plus Property for $2.3M
- Four Corners Property Trust price target lowered to $26 from $29 at Evercore ISI
- Four Corners Property Trust acquires Jiffy Lube Property for $2.7M