MILL VALLEY, Calif.–( BUSINESS WIRE )– Four Corners Property Trust (NYSE: FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-lease restaurants and retail properties. (FCPT or the Company) is pleased to announce the acquisition of the property of National Veterinary Associates for $2.0 million. The property is located in Indiana and is operated by the company under a new long-term three-way lease with annual rent increases. The deal was priced at a cap rate commensurate with previous FCPT transactions.
About FCPT
FCPT, headquartered in Mill Valley, California, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The company seeks to grow its portfolio by acquiring additional properties to lease on a net basis for use in the restaurant and retail sectors. Additional information about FCPT can be found at www.fcpt.com.
Category: Acquisition
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Four Corners Real Estate Company (NYSE:) Trust:
Bill Linehan, 415-965-8031
CEO
Patrick Wernig, 415-965-8038
Chief Financial Officer
Source: Four Corners Real Estate Corporation