Four Corners Property Trust (FCPT) demonstrated significant growth and strategic expansion throughout 2025, adding 105 new properties to its portfolio. These acquisitions, valued at approximately $318 million, primarily focused on single-tenant, net-leased assets within the restaurant and retail industries. The company's proactive approach to capital deployment has fortified its position in the market, enhancing both the stability and long-term income potential of its holdings. This period of rapid expansion highlights FCPT's commitment to acquiring high-quality, service-oriented real estate that promises consistent returns.
The year's activity commenced with targeted acquisitions, such as the GreatWater 360 Auto Care location in Minnesota, secured for $2.3 million via a sale-leaseback agreement on January 27. This property, strategically situated in a high-traffic area, operates under a long-term, triple-net lease, aligning with FCPT's consistent cap rate strategy observed in previous deals. Just a day prior, on January 26, FCPT finalized another $2.3 million acquisition: a newly constructed McAlister's Deli in a prominent Michigan retail corridor. This establishment is managed by a franchisee under a similar long-term net lease, further solidifying the company's investment criteria.
The momentum of FCPT's acquisition strategy was particularly pronounced in the third quarter, during which the company successfully closed on 28 properties, amounting to roughly $82 million. These transactions were notable for securing favorable initial cash yields and extended lease terms. Among the diverse additions to the portfolio in 2025 were an $8.6 million Sprouts Farmers Market in Tennessee, four Mission Pet Health centers across Illinois and Wisconsin totaling $9.3 million, a VCA Animal Hospital site in New York valued at $5.8 million, and a Heartland Dental location in Michigan for $3.3 million. Each of these investments reflects FCPT's meticulous focus on necessity-based and service-oriented real estate, which contributes to the resilience and robust income profile of its overall portfolio.
Four Corners Property Trust, Inc. is recognized as a real estate investment trust specializing in the ownership, acquisition, and leasing of properties primarily catering to the restaurant and retail sectors. Its operational framework is segmented into real estate and restaurant divisions. The proactive and strategic expansion in 2025, marked by over a hundred new properties and substantial capital investment, underscores FCPT's enduring commitment to enhancing shareholder value through a diversified and stable real estate portfolio.