Four Corners Property Trust Inc. $(FCPT)$ has successfully completed a sale-leaseback transaction with VIVE Collision, acquiring a portfolio of automotive service properties for $4.7 million. Facilitated by SURMOUNT, a prominent real estate advisory firm, this deal involves facilities located in prime retail areas across Maine and Vermont. These properties have been leased back to VIVE Collision under triple-net leases with a 20-year term. This transaction highlights the ongoing strength of the net lease market and marks a significant step in VIVE Collision's expansion strategy, as they now operate over 60 locations across nine states in the Northeast.
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