NYSE:FCPTSpecialized REITs
Expanding Into Pet Health and Auto Services Might Change The Case For Investing In Four Corners Property Trust (FCPT)
Four Corners Property Trust recently acquired 14 Sun Auto Tire & Service properties for US$26.0 million across Missouri, Arkansas, and Illinois, all under long-term triple net leases priced at a cap rate consistent with its prior deals.
In a separate move, FCPT agreed to buy up to 102 Mission Pet Health veterinary properties for up to US$268.0 million, which would materially increase its medical retail exposure and reduce reliance on legacy restaurant tenants once closed.
Now we’ll consider...