FCPT Acquires Indiana Property for $1.2 Million via Sale-Leaseback

FCPT has acquired a GreatWater 360 Auto Care property in Indiana for $1.2 million via a sale-leaseback transaction. The property is corporate-operated under a long-term, triple net lease and is priced at a cap rate in line with previous FCPT transactions. The acquisition is part of FCPT's strategy to grow its portfolio by acquiring additional real estate to lease for use in the restaurant and retail industries.