1. FCPT acquires five Christian Brothers Automotive properties for $22.6 million. 2. Properties are located in high-traffic retail corridors across four states. 3. Each property is under a long-term lease guaranteed by the corporate entity. 4. Transaction priced at a cap rate consistent with past FCPT deals. 5. FCPT aims to expand its portfolio in restaurant and retail sectors.
The acquisition of stable, long-term leased properties likely enhances FCPT's revenue streams, reminiscent of their previous successful acquisitions. For example, past acquisitions that maintained favorable cap rates have positively influenced stock performance.
The article details a significant acquisition which can aid in FCPT's growth strategy, attracting investor confidence and likely increasing stock valuation.
The long-term lease agreements with reliable tenants ensure a steady income for years to come, similar to past acquisitions that strengthened FCPT's financial footing over time.
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 via sale-leaseback of five Christian Brothers Automotive properties for $22.6 million. The properties are located across Alabama (1), Illinois (1), Nebraska (2), and Tennessee (1). The sites are in strong retail corridors with high traffic and attractive demographics. The properties are each under a long-term lease guaranteed by the corporate entity. 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/20250930920047/en/
Four Corners Property Trust:
Bill Lenehan, 415-965-8031
CEO
Patrick Wernig, 415-965-8038
CFO