FCPT Announces Acquisition via Sale-Leaseback of a GreatWater 360 Auto Care Property for $1.2 Million

Core Viewpoint - Four Corners Property Trust (FCPT) has announced the acquisition of a GreatWater 360 Auto Care property for $1.2 million through a sale-leaseback transaction, indicating a strategic move to expand its portfolio in the automotive service sector [1]. Group 1: Company Overview - FCPT is a real estate investment trust (REIT) focused on owning and acquiring high-quality, net-leased restaurant and retail properties [1]. - The company is actively engaged in expanding its property portfolio, as evidenced by the recent acquisition [1]. Group 2: Acquisition Details - The acquired property is associated with GreatWater 360 Auto Care, which operates approximately 150 full-service automotive centers located in the Midwest and Texas [1]. - The acquisition price for the GreatWater property is $1.2 million, highlighting FCPT's investment strategy in the automotive care industry [1].