Wednesday, May 22, 2024
spot_img
HomeNewsBusiness WireFCPT Announces Acquisition of a Thrive Pet Healthcare Property for $12.5 Million

FCPT Announces Acquisition of a Thrive Pet Healthcare Property for $12.5 Million

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-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.

Contacts

Four Corners Property Trust:

Bill Lenehan, 415-965-8031

CEO

Gerry Morgan, 415-965-8032

CFO

spot_img
RELATED ARTICLES
spot_img
spot_img
spot_img

Caribbean News

Disaster management saves lives, good for the economy

By the 2024 Senior Disaster Management Officials' Forum AREQUIPA, Peru - As major disasters intensify, become more rampant, and affect communities more frequently, APEC economies...

Global News

Taiwan pivots joining CPTPP at APEC trade meeting: Premier Cho pledges to lead cabinet with innovative thinking

TAIPEI, Taiwan, (Taiwan Today) - Taiwan is committed to implementing stricter trade standards to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership while...