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FCPT acquires automotive service properties portfolio for $12M

Four Corners Property Trust (NYSE:FCPT) on Tuesday announced the acquisition of a portfolio of automotive service properties for $12 million from a national operator via sale-leaseback.The properties are located in strong retail corridors across multiple states. The sites are under long-term, triple net leases, the company said.FCPT +0.8% after hours to $27.65.Source: Press Release

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