MILL VALLEY, Calif.–(BUSINESS WIRE)–4 Corners Property Belief (NYSE:FCPT), an actual property funding belief primarily engaged within the possession and acquisition of high-quality, net-leased restaurant and retail properties (FCPT or the Firm), is happy to announce the acquisition of eight Mavis Tire and affiliated operated properties for $20 million through a sale-leaseback. The properties are positioned throughout Alabama (2), Georgia (2), Louisiana (1), New Jersey (1), New York (1), and Tennessee (1). Every property is operated beneath a long-term, triple web lease. The transaction was priced at a cap charge in vary with earlier FCPT transactions.
About FCPT
FCPT, headquartered in Mill Valley, CA, is an actual property funding belief primarily engaged within the possession, acquisition and leasing of restaurant and retail properties. The Firm seeks to develop its portfolio by buying further actual property to lease, on a web foundation, to be used within the restaurant and retail industries. Further details about FCPT might be discovered on the web site at www.fcpt.com.
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4 Corners Property (NYSE:) Belief:
Invoice Lenehan, 415-965-8031
CEO
Pat Wernig, 415-965-8038
CFO
Supply: 4 Corners Property Belief
