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Four Corners Continues Its Acquisition Spree to Boost Portfolio
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Key Takeaways
FCPT acquires a Tires Plus property in Georgia for $1.7M at a 7.4% cap rate under a triple-net lease.
FCPT adds a newly built automotive service property for $5.8M in Texas under a long-term, triple-net lease.
Both deals reflect its ongoing expansion and diversification efforts to support future revenue growth.
Four Corners Property Trust (FCPT - Free Report) recently announced the acquisition of a Tires Plus property for $1.7 million.
The property is located in a highly trafficked corridor in Georgia. Priced at a 7.4% cap rate on rent as of the closing date, exclusive of transaction costs, the property is corporate-operated under a triple-net lease with approximately three years remaining.
Four Corners also acquired an automotive service property for $5.8 million. Leased to a national operator, this newly constructed property is located in a highly trafficked corridor in Texas. Priced at a 6.8% cap rate on rent as of the closing date, exclusive of transaction costs, the property is under a corporate long-term, triple-net lease. This will help secure FCPT's long-term cash flows.
These acquisitions highlight the company’s expansionary and diversification efforts, which will aid future revenue growth.
FCPT: In a Snapshot
This real estate investment trust (REIT), mainly engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties, has a track record of acquisitions.
In the last week of May 2025, FCPT announced the acquisition of the Christian Brothers Automotive property through a sale-leaseback for $4.3 million. The company also acquired an automotive service property for $5.3 million.
The above purchases fall in line with FCPT’s strategy of structuring a portfolio that will withstand varied economic cycles. However, the company’s expansion may face potential headwinds in an elevated interest-rate environment, which could keep its borrowing costs high.
In the past three months, shares of this Zacks Rank #3 (Hold) company have declined 1.7% compared with the industry's fall of 0.6%.
Image: Bigstock
Four Corners Continues Its Acquisition Spree to Boost Portfolio
Key Takeaways
Four Corners Property Trust (FCPT - Free Report) recently announced the acquisition of a Tires Plus property for $1.7 million.
The property is located in a highly trafficked corridor in Georgia. Priced at a 7.4% cap rate on rent as of the closing date, exclusive of transaction costs, the property is corporate-operated under a triple-net lease with approximately three years remaining.
Four Corners also acquired an automotive service property for $5.8 million. Leased to a national operator, this newly constructed property is located in a highly trafficked corridor in Texas. Priced at a 6.8% cap rate on rent as of the closing date, exclusive of transaction costs, the property is under a corporate long-term, triple-net lease. This will help secure FCPT's long-term cash flows.
These acquisitions highlight the company’s expansionary and diversification efforts, which will aid future revenue growth.
FCPT: In a Snapshot
This real estate investment trust (REIT), mainly engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties, has a track record of acquisitions.
In the last week of May 2025, FCPT announced the acquisition of the Christian Brothers Automotive property through a sale-leaseback for $4.3 million. The company also acquired an automotive service property for $5.3 million.
The above purchases fall in line with FCPT’s strategy of structuring a portfolio that will withstand varied economic cycles. However, the company’s expansion may face potential headwinds in an elevated interest-rate environment, which could keep its borrowing costs high.
In the past three months, shares of this Zacks Rank #3 (Hold) company have declined 1.7% compared with the industry's fall of 0.6%.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks from the broader REIT sector are VICI Properties (VICI - Free Report) and Medical Properties Trust (MPW - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for VICI’s 2025 FFO per share has moved one cent northward to $2.34 over the past two months.
The consensus estimate for MPW’s 2025 FFO per share has remained unchanged at 62 cents over the past two months.
Note: Anything related to earnings presented in this write-up represents FFO, a widely used metric to gauge the performance of REITs.