MILL VALLEY, Calif.–(BUSINESS WIRE)–Four Corners Property Trust, a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties, is pleased to announce the acquisition of a Tires Plus property for $2.1 million. The property is located in a strong retail corridor in Ohio and is corporate-operated under a triple net lease with approximately 5 years of term remaining and annual rent increases of 2%. The transaction was priced at a 6.5%, exclusive of transaction costs.
About FCPT
FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at www.fcpt.com.
