06/10/2021 | Press release | Distributed by Public on 06/10/2021 14:08
MILL VALLEY, Calif.--(BUSINESS WIRE)-- 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.
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Four Corners Property Trust:
Bill Lenehan, 415-965-8031
CEO
Gerry Morgan, 415-965-8032
CFO
Source: Four Corners Property Trust