Four Corners Property Trust buys Indiana auto service property in $2.3 million sale-leaseback deal
FCPT•Four Corners Property Trust bought an automotive service property in Indiana for $2.3 million through a sale-leaseback. The property is leased to a national operator under a long-term triple-net lease, at a cap rate in line with FCPT’s recent transactions.
1. Indiana property purchase
Four Corners Property Trust bought an automotive service property in Indiana for $2.3 million through a sale-leaseback. The site is leased to a national operator under a long-term triple-net lease, and the deal’s pricing implied a cap rate in line with FCPT’s recent transactions.
