Four Corners Property Trust Inc. (NYSE: FCPT), a real estate investment trust specializing in high-quality, net-leased restaurant and retail properties, has announced the acquisition of a Mavis Tire property for $2.6 million. The property, situated in a prime retail corridor in Mississippi, is operated under a long-term, triple net lease with approximately 11 years remaining. The transaction was completed with a 7.0% cap rate, factoring in rent credits received at closing and 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: 20250807460636) on August 07, 2025, and is solely responsible for the information contained therein.