Four Corners Property Trust (FCPT) recently announced the purchase of three Express Oil Change & Tire Engineers properties for $9.5 million. The said property is located in a highly trafficked corridor in Georgia. The above acquisition highlights the company’s expansionary and diversification efforts, which will aid future revenue growth.Priced at a 6.6% cap rate on rent as of the closing date, exclusive of transaction costs, the property is corporate-operated under a long-term, triple-net lease with approx ...