FX.co ★ FCPT Announces Acquisition Of Miller's Ale House Property For $3.8 Mln

Four Corners Property Trust (FCPT) has confirmed the purchase of a Miller's Ale House property for $3.8 million. The acquisition was made at a capitalization rate of 7.2% based on the rent at the time of closing, not including any additional transaction costs.

Situated in Georgia, the property is run by the corporation and is secured under a long-term, net lease, with approximately 11 years still remaining on the lease term.