Business
FCPT Announces Acquisition via Sale-Leaseback of a GreatWater 360 Auto Care Property for $1.2 Million
MILL VALLEY, Calif., January 09, 2026--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 a GreatWater 360 Auto Care property for $1.2 million via sale-leaseback. GreatWater is a Michigan-based operator of approximately 150 full-service automotive centers in the Midwest and Texas. The property is
About this update from Four Corners Property Trust, Inc.
[{"type":"text","content":"MILL VALLEY, Calif., January 09, 2026--(BUSINESS WIRE)--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 a GreatWater 360 Auto Care property for $1.2 million via sale-leaseback. GreatWater is a Michigan-based operator of approximately 150 full-service automotive centers in the Midwest and Texas. 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.","length":733,"tagName":"p"},{"type":"text","content":"About FCPT","length":10,"tagName":"p"},{"type":"text","content":"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.","length":400,"tagName":"p"},{"type":"text","content":"Category: Acquisition","length":21,"tagName":"p"},{"type":"text","content":"View source version on businesswire.com: https://www.businesswire.com/news/home/20260109285860/en/","length":98,"tagName":"p"},{"type":"text","content":"Contacts","length":8,"tagName":"p"},{"type":"text","content":"Four Corners Property Trust:Bill Lenehan, 415-965-8031CEOPatrick Wernig, 415-965-8038CFO","length":93,"tagName":"p"}]