Core Viewpoint - Four Corners Property Trust (FCPT) has announced the acquisition of Left Lane Auto property for $3.0 million, expanding its portfolio in the net-leased restaurant and retail property sector [1] Group 1: Company Overview - FCPT is a real estate investment trust focused on owning and acquiring high-quality, net-leased restaurant and retail properties [1] - The company operates in the real estate sector, specifically targeting properties that generate stable income through long-term leases [1] Group 2: Acquisition Details - The acquisition of Left Lane Auto property was completed for a total of $3.0 million [1] - Left Lane Auto operates auto repair shops across 13 states, currently managing 67 units under various brands [1]

Core Insights - Shopmonkey has integrated Affirm as a default pay-later provider for auto repair shops, enabling them to offer flexible financing options to customers [2][3] - This partnership aims to enhance customer satisfaction and promote long-term growth for small and medium-sized auto shops by allowing car owners to spread out maintenance costs [3] Group 1: Partnership Details - The arrangement allows car repair shops using Shopmonkey's payment processing solution to offer pay-over-time financing through Affirm [2] - Affirm's payment options will help thousands of small and medium-sized auto shops better serve their customers [2][3] Group 2: Consumer Behavior Insights - Car owners typically spend nearly $800 annually on maintenance, and the new financing option will facilitate easier payment for necessary services [3] - Research indicates that 35% of consumers made emergency purchases of at least $250 in the past year, with a median cost of $605 [4] - Approximately half of unplanned retail purchases are made using credit, with BNPL accounting for 10% of these transactions [5] Group 3: Financial Trends - Among Americans living paycheck-to-paycheck, 75% have utilized BNPL plans, indicating a significant reliance on alternative credit sources [5] - The trend towards budget-friendly payment options is influencing consumer behavior for both large and small purchases [6] - Consumers facing cash shortfalls are more likely to use BNPL, with 8.9% reporting usage compared to those without such issues [6]