FCPT buys Sun Auto Tire & Service property in North Carolina for $2.5 million sale-leaseback
FCPT•FCPT completes $2.5 million sale-leaseback purchase
FCPT bought a Sun Auto Tire & Service property for USD 2.5 million in a sale-leaseback transaction.
The asset sits on a high-traffic corridor in North Carolina.
The lease structure is corporate-operated, triple-net and long-term, with roughly 15 years remaining.
Pricing implied a cap rate in line with prior FCPT deals.
