FCPT Announces Acquisition via Sale-Leaseback of an Automotive Service Property for $2.3 Million
Business Wire•09/10/2026•18:20 ET
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Key Highlights
- ➤FCPT acquired an automotive service property for $2.3 million
- ➤Property leased to a national operator under a long-term triple-net lease
- ➤Indiana property is corporate-operated and located in a highly trafficked corridor
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.
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