FCPT Acquires Texas Automotive Service Property for $1.6 Million

Reuters03-04 06:05

Four Corners Property Trust acquired a property leased to a national automotive service operator for $1.6 million. The Texas site is on a highly trafficked corridor and is subject to a long-term triple-net lease with about seven years remaining. The deal was priced at a 6.9% cap rate on closing-date rent, excluding transaction costs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FCPT - Four Corners Property Trust Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202603031639BIZWIRE_USPR_____20260303_BW991117) on March 03, 2026, and is solely responsible for the information contained therein.

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