FCPT acquires auto service property in sale-leaseback deal
Four Corners Property Trust (FCPT) says it bought an automotive service property in Indiana for $2.3 million via sale-leaseback under a long-term triple-net lease to a national operator.
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. 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. com CONTACT: Four Corners Property Trust Bill Lenehan, 415-965-8031 CEO Patrick Wernig, 415-965-8038 CFO (END) Dow Jones Newswires October 09, 2026 18:20 ET (22:20 GMT) The statements in this document shall not be considered as an objective or independent explanation of the matters.
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