Four Corners Property Trust Acquires Five Christian Brothers Automotive Properties For $22.6M Via Sale-Leaseback

Author: Benzinga Newsdesk | September 30, 2025 05:03pm

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.

Posted In: FCPT