Key Takeaways FCPT acquired five properties for $11.6M, including a Tires Plus site and four pet health locations.The Mission Pet Health assets were priced at a 6.9% cap rate with about 11 years of lease term remaining.FCPT continues diversifying its portfolio, though a $1.21B debt load may keep borrowing costs elevated.Four Corners Property Trust (FCPT) recently announced multiple acquisitions aggregating $11.6 million. The move underscores the company’s efforts to expand and diversify its portfolio.The co ...

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT†or the "Company†), is pleased to announce the acquisition of a Tires Plus property for $2.3 million. The property is located in a strong retail corridor in Georgia and is corporate- operated under a long-term, triple net lease. The transaction was priced at a cap rate i. ...