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Four Corners Property Trust Acquires A Tires Plus Property For $1.6M

Author: Benzinga Newsdesk | September 30, 2025 04:37pm

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 $1.6 million. The property is located in a strong retail corridor in Illinois and is corporate-operated under a triple net lease with approximately four years of term remaining. The transaction was priced at a 6.9% cap rate on rent as of the closing date and exclusive of transaction costs.

Posted In: FCPT


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