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  208.52
-2.12 (-1.01%)
AAPL  272.09
-2.14 (-0.78%)
AMD  203.14
-7.72 (-3.66%)
BAC  52.38
+0.70 (1.34%)
GOOG  305.33
-7.70 (-2.46%)
META  656.05
+2.36 (0.36%)
MSFT  402.66
+2.06 (0.51%)
NVDA  187.44
-8.12 (-4.15%)
ORCL  148.92
+1.03 (0.70%)
TSLA  409.80
-7.60 (-1.82%)
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.