Four Corners Property Trust buys Sun Auto Tire & Service property in North Carolina for $2.5 million
FCPT•Pricing in line with recent transactions
The deal pricing implied a cap rate in line with FCPT’s recent transactions.
Sale-leaseback purchase in North Carolina
Four Corners Property Trust bought a Sun Auto Tire & Service property for $2.5 million via a sale-leaseback in North Carolina.
The asset sits in a high-traffic corridor and is leased to a corporate operator under a long-term triple-net lease with about 15 years remaining.
