FCPT Announces Sale-Leaseback of Two Tire Discounters Stores

Four Corners Property Trust acquired two Tire Discounters properties for $5.3 million.

Published: July 17, 2023

Four Corners Property Trust, a real estate investment trust primarily engaged in the ownership and acquisition of net-leased restaurant and retail properties, acquired two Tire Discounters properties for $5.3 million via sale-leaseback transaction.

Tire Discounters currently operates over 200 retail locations. The properties are located in North Carolina and Virginia and are corporate-operated under long-term, triple-net leases. The transaction was priced at a cap rate in range with previous FCPT transactions.

Yokohama Rubber partners with Haupt Racing Team

Yokohama Rubber said it is aiming for victories at the Nürburgring 24-Hour Race and Nürburgring Langstrecken Serie (NLS) with Advan tires.

By Christian Hinton

Published: April 24, 2024

Yokohama Rubber has signed a partnership agreement with Mercedes-AMG Customer Racing’s Haupt Racing Team (HRT). As part of the Advan Challenge that seeks to maximize sales of Advan tires, Yokohama Rubber said it is aiming for victories at the Nürburgring 24-Hour Race and Nürburgring Langstrecken Serie (NLS) by supplying its Advan racing tires for the Mercedes-AMG GT3 being entered in those races by HRT.