4 Corners Property Belief introduced the disposition of a Purple Lobster property for $5.1M. The property is situated in Pennsylvania and is corporate-operated below a triple internet lease. The transaction was priced at cap charge in vary with earlier FCPT inclinations. The corporate plans to repurpose the proceeds into new funding alternatives in line with FCPT thresholds. FCPT anticipates redeploying the proceeds from this transaction via an Inside Income Code Part 1031 like-kind change.
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