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FCPT Announces Sale-Leaseback of a Sun Auto Tire & Service Property for $2.5 Million

FCPT Announces Sale-Leaseback of a Sun Auto Tire & Service Property for $2.5

Four Corners Property Trust, Inc.July 30, 20264
FCPT Announces Sale-Leaseback of a Sun Auto Tire & Service Property for $2.5 Million

About this update from Four Corners Property Trust, Inc.

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 Sun Auto Tire & Service property for $2.5 million via sale-leaseback. The property is located in a highly trafficked corridor in North Carolina and corporate-operated under a long-term, triple net lease with approximately 15 years of term remaining. 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 View source version on businesswire.com: https://www.businesswire.com/news/home/20260730856272/en/

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