Four Corners Property Trust (FCPT) added two new net‑lease assets to its portfolio on April 1 2026. The first is a newly constructed Left Lane Auto location in Alabama, purchased for $3.1 million and leased under a 15‑year triple‑net agreement at a 7.1% capitalization rate. The second is a Chili’s restaurant in Illinois, acquired for $2.3 million and leased under a triple‑net contract with roughly six years of remaining term and a 6.8% capitalization rate.
These acquisitions reinforce FCPT’s disciplined acquisition strategy, which focuses on mid‑size, high‑quality assets that generate recession‑resistant cash flows. By adding an auto‑service tenant and a quick‑service restaurant, the company expands its presence in essential‑service sectors while maintaining its core emphasis on essential‑retail properties. The combined purchase price of $5.4 million represents a modest but meaningful addition to a portfolio that grew by $318 million in 2025 and $95 million in 2025’s fourth quarter.
FCPT’s Q4 2025 earnings, reported on February 11 2026, showed an EPS of $0.45 and revenue of $75.67 million. The new acquisitions add a small fraction of that revenue base but are consistent with the company’s broader growth trajectory and its focus on high‑yield, long‑term leases. The 7.1% and 6.8% cap rates for the two properties are in line with FCPT’s target range for essential‑service assets, underscoring the company’s ability to secure attractive yields in a competitive market.
Beyond these two deals, FCPT announced a board appointment and declared a quarterly dividend of $0.3665 per share for Q1 2026, further illustrating its commitment to shareholder value and governance. The acquisitions are part of a broader acquisition spree that includes purchases of pet‑hospital, bakery, and other essential‑service tenants, positioning FCPT to benefit from diversified, stable cash flows in a low‑growth environment.
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