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FCPT Acquires Six Christian Brothers Automotive Properties for $24.8 Million

Dec 23, 2024•over 1 year ago

Contract Type

contract

Mill ValleyReal EstateHospitality

Description

Four Corners Property Trust (FCPT) has announced the acquisition via sale-leaseback of six Christian Brothers Automotive properties for $24.8 million. The properties are located across Georgia (2), Indiana (2), Florida (1), and Illinois (1), in strong retail corridors with high traffic and attractive demographics. The properties are each under a long-term lease guaranteed by the corporate entity.

Company Information

Company

Four Corners Property Trust

Location

Mill Valley, California, United States

About

Four Corners Property Trust (FCPT) is a real estate investment trust primarily engaged in the ownership, acquisition, and leasing of high-quality, net-leased 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.

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