Skip to main content

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

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

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

Report this content

If you believe this article contains misleading, harmful, or spam content, please let us know.

Report this article

Recent Quotes

View More
Symbol Price Change (%)
AMZN  247.04
+0.00 (0.00%)
AAPL  316.22
+0.00 (0.00%)
AMD  546.72
+0.00 (0.00%)
BAC  59.25
+0.00 (0.00%)
GOOG  356.24
+0.00 (0.00%)
META  631.48
+0.00 (0.00%)
MSFT  384.36
+0.00 (0.00%)
NVDA  202.78
+0.00 (0.00%)
ORCL  144.22
+0.50 (0.35%)
TSLA  406.55
+0.00 (0.00%)
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.