FCPT buys Drilling Tools International facility in Louisiana for $4.7 million

Four Corners Property Trust, Inc.

Four Corners Property Trust, Inc.

FCPT

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  • FCPT acquired a Drilling Tools International drilling equipment manufacturing and rental facility in Louisiana for USD 4.7 million.
  • Deal priced at a 7.1% cap rate, including rent credits received at closing, excluding transaction costs.
  • Property is corporate-operated under a long-term triple-net lease with about 11 years remaining.


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