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FCPT Announces Acquisition of a National Veterinary Associates Property for $4.4 Million

  • Four Corners Property Trust (NYSE: FCPT) acquired a National Veterinary Associates property for $4.4 million.
  • The property is situated in a strong retail corridor in California & is corporate-operated under a long-term net lease.
  • The transaction closed at a 7.1% cap rate on rent as of the closing date, exclusive of transaction costs.
  • FCPT is a real estate investment trust headquartered in Mill Valley, CA, focused on owning & leasing net-leased restaurant & retail properties.