05:08 PM EDT, 06/12/2025 (MT Newswires) -- Four Corners Property Trust ( FCPT ) reported it acquired an automotive service property leased to a national operator for $5.8 million.

The newly constructed property in Texas is under a corporate long-term triple net lease, the real estate investment trust said late Thursday.

The transaction was priced at a 6.8% cap rate on rent as of the closing date and exclusive of transaction costs.