FCPT Expands Portfolio, Acquires GreatWater 360 Auto Care Property

Key Takeaways FCPT acquired a GreatWater 360 Auto Care property for $2.3M through a sale-leaseback.The property is located in Minnesota, priced at a cap rate in line with previous transactions.FCPT noted the property is corporate-operated under a long-term triple-net lease.Four Corners Property Trust (FCPT) recently announced the acquisition of a GreatWater 360 Auto Care property through a sale-leaseback for $2.3 million. The move highlights FCPT’s expansionary efforts to diversify and improve its portfolio ...