FCPT Acquires Christian Brothers Automotive Property in Illinois for $4.3 Million

Reuters

2025/05/30

FCPT Acquires Christian Brothers Automotive Property in Illinois for $4.3 Million

Four Corners Property Trust Inc. $(FCPT)$ has announced the acquisition of a Christian Brothers Automotive property through a sale-leaseback arrangement for $4.3 million. This property is situated in a high-traffic retail corridor in Illinois, benefiting from strong local demographics. The property is under a long-term lease guaranteed by the corporate entity, and the transaction was priced at a cap rate consistent with FCPT's previous transactions. This acquisition aligns with FCPT's strategy of owning and acquiring high-quality, net-leased restaurant and retail properties. The announcement was made by FCPT.

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: 20250529127698) on May 29, 2025, and is solely responsible for the information contained therein.

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