FCPT Announces Acquisition of a Tires Plus Property for $2.1 Million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Oct 11, 2024--

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 Tires Plus property for $2.1 million. The property is located in a strong retail corridor in Georgia 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. 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/20241011608545/en/

CONTACT: Four Corners Property Trust:

Bill Lenehan, 415-965-8031

CEOPatrick Wernig, 415-965-8038

CFO

KEYWORD: CALIFORNIA GEORGIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: RESIDENTIAL BUILDING & REAL ESTATE COMMERCIAL BUILDING & REAL ESTATE TIRES & RUBBER AUTOMOTIVE CONSTRUCTION & PROPERTY

SOURCE: Four Corners Property Trust

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