FCPT Announces Acquisition of Three Christian Brothers Automotive Properties for $9.6 Million
Four Corners Property Trust (FCPT) has acquired three Christian Brothers Automotive properties for $9.6 million. The properties, located in retail corridors across Alabama, Colorado, and Louisiana, are secured by long-term triple net leases with an average of 12 years remaining. Christian Brothers Automotive operates over 250 locations across 30 states. The transaction's cap rate aligns with FCPT's previous acquisitions.
Four Corners Property Trust (FCPT) ha acquisito tre proprietà di Christian Brothers Automotive per 9,6 milioni di dollari. Le proprietà, situate in corridoi commerciali in Alabama, Colorado e Louisiana, sono garantite da contratti di locazione triple net a lungo termine con una media di 12 anni rimanenti. Christian Brothers Automotive gestisce oltre 250 sedi in 30 stati. Il tasso di capitale della transazione è in linea con le acquisizioni precedenti di FCPT.
Four Corners Property Trust (FCPT) ha adquirido tres propiedades de Christian Brothers Automotive por 9.6 millones de dólares. Las propiedades, ubicadas en corredores comerciales en Alabama, Colorado y Luisiana, están aseguradas por arrendamientos triple net de largo plazo, con un promedio de 12 años restantes. Christian Brothers Automotive opera más de 250 ubicaciones en 30 estados. La tasa de capital de la transacción se alinea con las adquisiciones anteriores de FCPT.
포 코너스 부동산 신탁(FCPT)가 크리스천 브라더스 오토모티브의 3개 부동산을 960만 달러에 인수했습니다. 이 부동산은 알라바마, 콜로라도, 루이지애나의 소매 통로에 위치해 있으며, 평균 12년 남은 장기 트리플 넷 리스로 보장되어 있습니다. 크리스천 브라더스 오토모티브는 30개 주에 걸쳐 250개 이상의 매장을 운영하고 있습니다. 이번 거래의 자본화율은 FCPT의 이전 인수와 일치합니다.
Four Corners Property Trust (FCPT) a acquis trois propriétés de Christian Brothers Automotive pour 9,6 millions de dollars. Les propriétés, situées dans des corridors commerciaux en Alabama, au Colorado et en Louisiane, sont sécurisées par des baux triple net à long terme, avec une moyenne de 12 ans restants. Christian Brothers Automotive exploite plus de 250 emplacements dans 30 États. Le taux de capitalisation de la transaction est en ligne avec les acquisitions précédentes de FCPT.
Four Corners Property Trust (FCPT) hat drei Immobilien von Christian Brothers Automotive für 9,6 Millionen Dollar erworben. Die Immobilien befinden sich in Einzelhandelskorridoren in Alabama, Colorado und Louisiana und sind durch langfristige Triple-Net-Lease-Verträge mit einer durchschnittlichen Restlaufzeit von 12 Jahren abgesichert. Christian Brothers Automotive betreibt über 250 Standorte in 30 Bundesstaaten. Die Kapitalisierungsrate der Transaktion entspricht den vorherigen Erwerbungen von FCPT.
- Strategic acquisition of three properties for $9.6 million
- Long-term triple net leases with 12-year average remaining term
- Properties located in strong retail corridors across three states
- Tenant is an established brand with 250+ locations in 30 states
- None.
Insights
This strategic acquisition of three Christian Brothers Automotive properties strengthens FCPT's portfolio diversification beyond its core restaurant focus. The
Christian Brothers Automotive's strong brand presence with 250+ locations and reputation for quality service suggests reliable tenancy. The cap rate alignment with previous transactions indicates disciplined pricing, maintaining FCPT's investment standards while growing its non-restaurant property segment. This acquisition represents approximately
About FCPT
FCPT, headquartered in
Category: Acquisition
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Four Corners Property Trust:
Bill Lenehan, 415-965-8031
CEO
Patrick Wernig, 415-965-8038
CFO
Source: Four Corners Property Trust
FAQ
How much did FCPT pay for the three Christian Brothers Automotive properties?
What is the remaining lease term for the FCPT Christian Brothers properties?
In which states are the new FCPT Christian Brothers properties located?
How many locations does Christian Brothers Automotive operate?
