newsfilter
← Latest News
Business Wire·

FCPT Announces Acquisition of a VCA Animal Hospital Property for $3.0 Million

  • Four Corners Property Trust (FCPT) acquired a VCA Animal Hospital property for $3.0 million.
  • The property is located in a high-traffic corridor in Michigan & operates under a long-term triple net lease.
  • The transaction was priced at a 6.6% 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.