Four Corners Property Trust (FCPT) completed the purchase of a Sprouts Farmers Market location in Tennessee for $8.6 million, securing a long‑term net lease that will bring a national grocery brand into the company’s portfolio. The transaction was announced on December 30, 2025, and is part of FCPT’s broader strategy of acquiring small‑box, net‑leased assets that generate stable cash flow.
The Sprouts deal was priced at a capitalization rate of 6.8%–6.9%, in line with FCPT’s recent acquisitions. The cap rate reflects the property’s strong location in a high‑traffic retail corridor and the tenant’s long‑term lease commitment, providing FCPT with a predictable income stream and a low‑risk asset profile.
Adding Sprouts expands FCPT’s geographic footprint in the southeastern United States and diversifies its tenant mix. The essential‑retail tenant complements the company’s existing portfolio of national restaurant and retail brands, reinforcing FCPT’s focus on high‑quality, long‑term net‑lease properties that deliver consistent cash flow.
The Sprouts acquisition is one of 105 property purchases FCPT completed in 2025, totaling approximately $318 million in capital expenditures. The volume of acquisitions demonstrates the company’s disciplined deal‑sourcing approach and its ability to deploy capital efficiently while maintaining a high standard of asset quality.
FCPT’s CEO emphasized the disciplined approach to adding high‑quality, net‑leased assets, noting that the company’s “focus on strong, nationally branded tenants and long‑term lease terms continues to drive our portfolio growth and cash‑flow stability.” The acquisition underscores FCPT’s confidence in the net‑lease model and its commitment to delivering value to shareholders through steady income and dividend growth.
While no immediate market reaction data is available, the acquisition aligns with FCPT’s ongoing strategy of expanding its portfolio of essential‑retail tenants and reinforces the company’s position as a leading owner of high‑quality, net‑leased properties in the United States.
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