Trust Acquires Mississippi Quick Lubes for $4.6M
Dec. 29, 2021—Four Corners Property Trust, a real estate investment trust, announced last week it has acquired two Mississippi quick lube shops for $4.6 million.
According to a news release, FCPT purchased wo Express Oil Change locations. The release did not say where in Mississippi either shop was located, but it did say both "are located in highly trafficked corridors in Mississippi and both leases are with the corporate entity."
FCPT primarily owns restaurants, which make up around 92 percent of its total portfolio. It does own 105 non-restaurant units made up of 51 different brands according to its website, however how many of those are quick lube are not specified.