FCPT Announces Acquisition via Sale-Leaseback of an Automotive Service Property for $3.5 Million

FCPT Announces Acquisition via Sale-Leaseback of an Automotive Service Property for $3.5 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 $3.5 million via sale-leaseback. The property is located in a highly trafficked corridor in Kentucky 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.