MILL VALLEY, Calif.--(BUSINESS WIRE)--June 18, 2025--
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), is pleased to announce the acquisition of a portfolio of automotive service properties for $4.7 million from VIVE Collision via sale leaseback. VIVE Collision operates more than 60 locations across nine states in the Northeast, with a focus on advanced repair capabilities, technician development and best-in-class service. The properties are located in strong retail corridors in Maine and Vermont and corporate-operated under long-term, triple net leases with approximately 20 years of term remaining. The transaction was priced at a cap rate in range with previous FCPT transactions.
About FCPT
FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of 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. Additional information about FCPT can be found on the website at www.fcpt.com.
Category: Acquisition
View source version on businesswire.com: https://www.businesswire.com/news/home/20250618023391/en/
CONTACT: Four Corners Property Trust:
Bill Lenehan, 415-965-8031
CEO
Patrick Wernig, 415-965-8038
CFO
(END) Dow Jones Newswires
June 18, 2025 18:01 ET (22:01 GMT)