Four Corners Property Trust acquires NAPA auto parts properties for $21.1M

  •  Four Corners Property Trust (NYSE:FCPT) on Friday has announced the acquisition of a portfolio of 12 NAPA auto parts properties for $21.1M.
  • The properties are occupied under a triple-net master lease to the corporate entity with approximately 5 years of term remaining.
  • Transaction was priced at a 6.4% capitalization rate, exclusive of transaction costs, the company said. 
  • Earlier (May 26): Four Corners Property Trust acquires Aspen Dental Property for $2.3M

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