Four Corners Property Trust Buys 105 Net-Leased Assets for $318M in 2025
In 2025 Four Corners added 105 net-leased properties for $318 million, including an $8.6 million Sprouts Farmers Market and four Mission Pet Health facilities for $9.3 million. Recent acquisitions include sale-leaseback of a GreatWater 360 Auto Care location and a newly built McAlister’s Deli property, each for $2.3 million under long-term triple-net leases.
1. 2025 Acquisition Summary
Four Corners closed on 105 single-tenant, net-leased properties for about $318 million in 2025, excluding transaction costs. This roll-up includes a diversified mix of retail, restaurant, and service-oriented assets aimed at boosting portfolio stability and long-term cash flow.
2. Notable Individual Purchases
Among the acquisitions were a Sprouts Farmers Market site in Tennessee for $8.6 million, four Mission Pet Health facilities in Illinois and Wisconsin for $9.3 million, a VCA Animal Hospital in New York for $5.8 million, and a Heartland Dental location in Michigan for $3.3 million.
3. Recent Sale-Leaseback Transactions
In late January the REIT acquired a GreatWater 360 Auto Care property and a newly built McAlister’s Deli, each for $2.3 million, under long-term triple-net leases at cap rates consistent with its historical transactions.