Skip to main content

FCPT Announces Acquisition of a VCA Animal Hospital Property for $1.3 Million

Four Corners Property Trust (NYSE: FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a VCA Animal Hospital property for $1.3 million. The property is located in a highly trafficked corridor in Minnesota and is corporate-operated under a net lease with approximately seven years of term remaining. The transaction was priced at a 6.5% capitalization rate, exclusive of transaction costs.

About FCPT

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at www.fcpt.com.

Contacts

Four Corners Property Trust:

Bill Lenehan, 415-965-8031

CEO

Gerry Morgan, 415-965-8032

CFO

Recent Quotes

View More
Symbol Price Change (%)
AMZN  249.44
+26.58 (11.93%)
AAPL  269.58
-1.81 (-0.67%)
AMD  259.92
+5.08 (1.99%)
BAC  52.92
-0.11 (-0.20%)
GOOG  282.84
+0.94 (0.33%)
META  662.71
-3.76 (-0.56%)
MSFT  523.91
-1.85 (-0.35%)
NVDA  207.68
+4.79 (2.36%)
ORCL  259.75
+2.86 (1.11%)
TSLA  448.90
+8.80 (2.00%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.