FCPT buys Pennsylvania 7-Eleven property for $1.5 million
FCPT•Four Corners Property Trust buys Pennsylvania 7-Eleven
Four Corners Property Trust bought a 7-Eleven convenience store property in Pennsylvania for $1.5 million.
The deal was priced at a 6.9% cap rate on rent at closing, excluding transaction costs.
The asset is corporate-operated under a long-term triple-net lease with about 10 years remaining.
