FCPT Purchases Jiffy Lube Portfolio in Indiana for $7.9M in Sale-Leaseback

by Kristin Harlow

INDIANA — In a sale-leaseback transaction, Four Corners Property Trust (FCPT) has purchased a portfolio of five retail properties occupied by Jiffy Lube in Indiana. Jiffy Lube has roughly 15 years remaining on its leases at the net-leased properties. The sales price of $7.9 million represents a cap rate of 6.5 percent.

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