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Four Corners Continues its Acquisition Spree to Boost Portfolio
Four ners Property TrustFour ners Property Trust(US:FCPT) ZACKS·2025-05-31 01:06

Four Corners Property Trust (FCPT) announced the acquisition of the Christian Brothers Automotive property through a sale-leaseback for 4.3million.ThepropertyislocatedinstrongretailcorridorswithhightrafficandattractivedemographicsinIllinois.Thepropertyisunderalong−termleaseguaranteedbythecorporateentity.ThetransactionwaspricedatacaprateinlinewithpriorFCPTtransactions.Thecompanyalsoacquiredanautomotiveservicepropertyfor4.3 million.The property is located in strong retail corridors with high traffic and attractive demographics in Illinois. The property is under a long-term lease guaranteed by the corporate entity. The transaction was priced at a cap rate in line with prior FCPT transactions.The company also acquired an automotive service property for 5.3 million. Leased to a national ope ...