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Fcpt Announces Acquisition Of A Vca Animal Hospital For $2.5 Million

Fcpt Announces Acquisition Of A Vca Animal Hospital For $2.5 Million

09/02/21, 8:06 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgmill valley
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svglos angeles
Industry
real estate
animal feed
health care
veterinary
pet
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a VCA Animal Hospital property for $2.5 million. The property is located in a strong retail corridor in Florida and is corporate-operated under a net lease with approximately eight years of term remaining. The transaction was priced at a 6.5% cap rate on rent today, exclusive of transaction costs.

Company Info

Company
Burger King Property
Location
Mill Valley, California, United States
Company info
The acquired Burger King property is located in a strong retail corridor in Virginia and is under a corporate long-term, triple net lease with approximately 13 years of term remaining. The acquisition was priced at a 7.0% cap rate on rent exclusive of transaction costs.

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