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  205.93
+1.07 (0.52%)
AAPL  259.01
-1.57 (-0.60%)
AMD  201.18
-2.19 (-1.08%)
BAC  52.16
-0.62 (-1.17%)
GOOG  309.79
+6.23 (2.05%)
META  649.98
+5.20 (0.81%)
MSFT  397.23
-1.23 (-0.31%)
NVDA  187.82
-0.08 (-0.04%)
ORCL  152.09
-4.45 (-2.84%)
TSLA  408.59
-3.12 (-0.76%)
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.