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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
Four Corners Property Trust
Location
Mill Valley, California, United States
Company info
Four Corners Property Trust (FCPT) is a real estate investment trust primarily engaged in the ownership, acquisition, and leasing of high-quality, net-leased restaurant and retail 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.

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