Four Corners Property Trust Acquires Left Lane Auto Property For $3M

Author: Benzinga Newsdesk | September 19, 2025 04:07pm

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), is pleased to announce the acquisition of Left Lane Auto property for $3.0 million. Left Lane Auto is an auto service operator owning and operating auto repair shops across 13 states under various brands, currently with 67 units primarily serving the Southeast and Midwest. The property is newly constructed and located in a strong retail corridor in Mississippi and is corporate-operated under a long term, triple net lease with approximately 15 years of term remaining. The transaction was priced at a 7.2% cap rate on rent as of the closing date and exclusive of transaction costs.

Posted In: FCPT