Reported 3 days ago
Four Corners Property Trust, Inc. (FCPT) has announced the purchase of four Christian Brothers Automotive locations for $16.9 million in a sale-leaseback deal. These properties are situated in strategic areas of Ohio, Florida, and Nebraska, and are supported by a long-term lease, ensuring stable cash flows. With this acquisition, FCPT continues its disciplined growth strategy, now boasting over 1,000 properties, despite facing challenges from high competition and strict quality standards.
Source: YAHOO