FCPT Acquires 6 Christian Brothers Automotive Properties for $24.8M

To diversify its portfolio, Four Corners Property Trust (FCPT) announced the acquisition of six Christian Brothers Automotive properties for $24.8 million. The strategic buyout will ensure steady and stable revenues and foster future growth.The company acquired the above properties through sale-leaseback in the highly trafficked corridors of Georgia (two), Indiana (two), Florida (one) and Illinois (one). The advantageous locations of these properties offer favorable demographics, boosting the resilience of ...