FCPT Announces Acquisition of a Pathway Vet Alliance Property for $1.8 Million

Four Corners Property Trust (NYSE: FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Pathway Vet Alliance property for $1.8 million. The property is located in a highly trafficked retail corridor in Utah and is corporate-operated under a triple net lease with approximately 11 years of term remaining. The property was priced at a 6.7% capitalization rate, exclusive of transaction costs.

About FCPT

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant 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. Additional information about FCPT can be found on the website at www.fcpt.com.

Contacts

Four Corners Property Trust:

Bill Lenehan, 415-965-8031

CEO

Gerry Morgan, 415-965-8032

CFO

More News

View More

Recent Quotes

View More
Symbol Price Change (%)
AMZN  217.54
-4.49 (-2.02%)
AAPL  256.83
-5.94 (-2.26%)
AMD  227.67
-10.36 (-4.35%)
BAC  50.85
-0.67 (-1.30%)
GOOG  252.26
+0.92 (0.37%)
META  729.42
-3.85 (-0.53%)
MSFT  519.92
+2.26 (0.44%)
NVDA  178.57
-2.59 (-1.43%)
ORCL  273.90
-1.25 (-0.45%)
TSLA  434.60
-8.00 (-1.81%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.