FCPT Announces Acquisition of a Thrive Pet Healthcare Property for $12.5 Million
09 July 2022 - 9:28AM
Business Wire
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 Thrive Pet Healthcare property for $12.5 million. The property
is located in a strong retail corridor in Illinois with a building
considerably larger than most of FCPT’s acquisitions and is
corporate-operated under a net lease with 15 years of term
remaining. The transaction was priced at a cap rate in range with
previous FCPT transactions.
About FCPT
FCPT, headquartered in Mill Valley, CA, 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 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.
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Four Corners Property Trust: Bill Lenehan, 415-965-8031 CEO
Gerry Morgan, 415-965-8032 CFO
Four Corners Property (NYSE:FCPT)
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