Four Corners Property Trust announces the acquisition of four Tire Discounters properties for $9.1 million via sale-leaseback transaction. Tire Discounters is the country’s largest family-owned and operated automotive service provider, currently operating over 200 retail locations and growing. The properties are located in Virginia (2), Georgia (1), and Ohio (1), and are corporate-operated under long-term, triple net leases. The transaction was priced at a cap rate in range with previous FCPT transactions.
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