FCPT Announces Acquisition of a Belle Tire Property for $2.4 Million

MILL VALLEY, Calif.--(BUSINESS WIRE)-- Four Corners Property Trust (NYSE: FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Belle Tire property for $2.4 million. Belle Tire is a regional tire retailer and auto service provider with over 180 locations across Michigan, Indiana, Ohio, and Illinois. The property is located in a strong retail corridor in Ohio and is corporate-operated under a long-term, triple net lease with approximately five years of term remaining. The transaction was priced at a 7.2% cap rate on rent as of the closing date and exclusive of transaction costs.

About FCPT

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at www.fcpt.com.

Category: Acquisition

View source version on businesswire.com: https://www.businesswire.com/news/home/20260504440168/en/

Four Corners Property Trust:
Bill Lenehan, 415-965-8031
CEO

Patrick Wernig, 415-965-8038
CFO

Source: Four Corners Property Trust

You May Also Be Interested In

• FCPT Announces Acquisition of a Buffalo Wild Wings Property for $2.9 Million
• PBCO Financial Corporation Reports Q2 2026 Results
• The Toro Company Elects President and Chief Operating Officer Edric C. Funk to Succeed Richard M. Olson as Chief Executive Officer as Part of Planned Succession