FCPT Adds Net-Leased Gerber Collision & Glass Asset for $4.8M
FCPT•FCPT acquired a standalone Gerber Collision & Glass service location for $4.8 million, expanding its net lease portfolio with a single-tenant automotive repair asset. The purchase, announced on July 9, 2026, reflects its ongoing strategy of investing in long-term, triple-net leased properties.
1. Acquisition Details
FCPT has completed the purchase of a single-tenant Gerber Collision & Glass property for $4.8 million. The standalone auto collision repair facility, leased under a long-term, triple-net lease, joined the portfolio on July 9, 2026.
2. Portfolio Strategy
The addition aligns with FCPT's strategy of growing its net lease portfolio through investments in essential service properties. Gerber Collision & Glass carries an investment-grade tenant profile that supports stable, predictable cash flows.
3. Financial Implications
This $4.8 million acquisition is expected to provide additional rental income and support FCPT's distribution growth. Financing details were not disclosed but are consistent with the company's capital deployment approach.
