Four Corners Property Trust (FCPT) has acquired a newly constructed Jiffy Lube automotive property for $2.7 million, priced at a 7% cap rate. The property is located in a strong retail corridor in Colorado and is corporate-operated under a long-term triple-net lease with approximately 12 years remaining.
This acquisition reflects FCPT’s strategy to expand and diversify its portfolio, which currently includes high-quality net-leased restaurant and retail properties. Earlier in December, the company purchased a Baptist Health property in Alabama for $4.7 million under similar long-term leasing conditions. In the third quarter of 2025, FCPT acquired 28 properties worth $82 million, distributed across various industries with a total weighted-average remaining lease term of 11.6 years. However, the company faces challenges with a $1.21 billion debt load that may increase borrowing costs.
