FCPT acquires Kentucky automotive service property in USD 3.5 million sale-leaseback deal - FCPT News | RalliesFCPT acquires Kentucky automotive service property in USD 3.5 million sale-leaseback deal
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FCPT• Sale-leaseback purchase in Kentucky
- FCPT bought an automotive service property for USD 3.5 million via a sale-leaseback with a national operator.
- The site sits in a high-traffic corridor in Kentucky.
- The lease structure is long-term triple-net and corporate-operated.
- Pricing implied a cap rate in line with prior FCPT deals.
