FCPT Announces Acquisition via Sale-Leaseback of an Automotive Service Property for $2.3 Million
FCPT Announces Acquisition via Sale-Leaseback of an Automotive Service Property for $2.3 Million
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of an automotive service property leased to a national operator for $2.3 million via sale-leaseback. The property is located in a highly trafficked corridor in Indiana and is corporate-operated under a long term, triple net lease. The transaction was priced at a cap rate in range with previous FCPT transactions.
About FCPT
FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at www.fcpt.com.
Category: Acquisition
Four Corners Property Trust:
Bill Lenehan, 415-965-8031
CEO
Patrick Wernig, 415-965-8038
CFO
View source version on businesswire.com: https://www.businesswire.com/news/home/20261009106754/en/
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