Four Corners Property Trust Completes $4.7 Million Sale-Leaseback Deal with VIVE Collision for Automotive Service Properties

Reuters
06-21
Four Corners Property Trust Completes $4.7 Million Sale-Leaseback Deal with VIVE Collision for Automotive Service Properties

Four Corners Property Trust Inc. $(FCPT)$ has successfully completed a sale-leaseback transaction with VIVE Collision, acquiring a portfolio of automotive service properties for $4.7 million. Facilitated by SURMOUNT, a prominent real estate advisory firm, this deal involves facilities located in prime retail areas across Maine and Vermont. These properties have been leased back to VIVE Collision under triple-net leases with a 20-year term. This transaction highlights the ongoing strength of the net lease market and marks a significant step in VIVE Collision's expansion strategy, as they now operate over 60 locations across nine states in the Northeast.

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: 20250620734064) on June 20, 2025, and is solely responsible for the information contained therein.

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