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FCPT Expands Portfolio With Left Lane Auto & Chili's Properties Buyout
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Key Takeaways
FCPT acquired Left Lane Auto and Chili's properties for a combined $5.4M in Alabama and Illinois.
Left Lane Auto deal features a triple-net lease with 15 years term remaining, closing at a 7.1% cap rate.
Chili's property includes a triple-net lease with a six-year term remaining and closed at a 6.8% cap rate.
Four Corners Property Trust (FCPT - Free Report) recently announced the acquisition of a Left Lane Auto property in a strong retail corridor in Alabama for $3.1 million. The move highlights expansionary and diversification efforts.
This newly constructed property is corporate-operated under a long-term triple-net lease with 15 years of term remaining. The deal closed at a 7.1% cap rate on the rent (excluding transaction costs).
Similarly, the company also acquired Chili's property in a strong, high-traffic retail corridor in Illinois for $2.3 million. This property is corporate-operated under a triple net lease with about six years of term left. The deal closed at a 6.8% cap rate, including rent credits received but excluding transaction costs.
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 2025, FCPT acquired 105 properties aggregating $317.9 million with a weighted-average remaining lease term of 12.2 years as of Dec. 31, 2025. The acquired properties belonged to diverse industries, enhancing revenue stability. Based on aggregate purchase price, they broke down as 37% auto service, 24% medical retail, 22% quick-service restaurants, 14% casual dining restaurants and 3% other retail.
The above purchases fall in line with Four Corners’ strategy of structuring a portfolio that will withstand varied economic cycles.
In the past three months, shares of this Zacks Rank #3 (Hold) company have gained 1.8% compared with the industry's growth of 1.6%.
The Zacks Consensus Estimate for LAND’s 2026 FFO per share is pinned at 43 cents. This indicates year-over-year growth of 10.3% for 2026.
The Zacks Consensus Estimate for PDM’s 2026 FFO per share is pegged at $1.49. This implies year-over-year growth of 5.7% for 2026.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
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FCPT Expands Portfolio With Left Lane Auto & Chili's Properties Buyout
Key Takeaways
Four Corners Property Trust (FCPT - Free Report) recently announced the acquisition of a Left Lane Auto property in a strong retail corridor in Alabama for $3.1 million. The move highlights expansionary and diversification efforts.
This newly constructed property is corporate-operated under a long-term triple-net lease with 15 years of term remaining. The deal closed at a 7.1% cap rate on the rent (excluding transaction costs).
Similarly, the company also acquired Chili's property in a strong, high-traffic retail corridor in Illinois for $2.3 million. This property is corporate-operated under a triple net lease with about six years of term left. The deal closed at a 6.8% cap rate, including rent credits received but excluding transaction costs.
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 2025, FCPT acquired 105 properties aggregating $317.9 million with a weighted-average remaining lease term of 12.2 years as of Dec. 31, 2025. The acquired properties belonged to diverse industries, enhancing revenue stability. Based on aggregate purchase price, they broke down as 37% auto service, 24% medical retail, 22% quick-service restaurants, 14% casual dining restaurants and 3% other retail.
The above purchases fall in line with Four Corners’ strategy of structuring a portfolio that will withstand varied economic cycles.
In the past three months, shares of this Zacks Rank #3 (Hold) company have gained 1.8% compared with the industry's growth of 1.6%.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks from the broader REIT sector are Gladstone Land (LAND - Free Report) and Piedmont Realty Trust, Inc. (PDM - 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 LAND’s 2026 FFO per share is pinned at 43 cents. This indicates year-over-year growth of 10.3% for 2026.
The Zacks Consensus Estimate for PDM’s 2026 FFO per share is pegged at $1.49. This implies year-over-year growth of 5.7% for 2026.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.