Four Corners Property Trust Announces Acquisition of Three Express Oil Change & Tire Engineers Properties for $9.5 Million

Published: 2025-05-08 18:20:00 ET FCPT

Published on 05/08/2025 at 18:20, updated on 05/09/2025 at 06:50

Four Corners Property Trust announced the acquisition of three Express Oil Change & Tire Engineers properties for $9.5 million. The properties are located in highly trafficked corridors in Georgia and are corporate-operated under long term, triple net leases with approximately 19 years of term remaining. The transaction was priced at a 6.6% cap rate on rent as of the closing date and exclusive of transaction costs.