Wednesday, May 15, 2024
spot_img
HomeNewsBusiness WireFCPT Announces Acquisition of an Optima Dermatology clinic for $9.3 Million

FCPT Announces Acquisition of an Optima Dermatology clinic for $9.3 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 an Optima Dermatology clinic for $9.3 million. The property is located in a retail corridor in New Hampshire and is occupied under a corporate, triple net lease with approximately 15 years of term remaining. The transaction was priced at a 7.0% cap rate on rent as of the closing date, exclusive of transaction costs.

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

Growth of digital economy outperforms overall growth across OECD

PARIS, France - The information and communication technology (ICT) sector grew by an average of 6.3 percent between 2013 and 2023, about three times...

Global News

OECD Ministerial Council Meeting 2024

By Caribbean News Global PARIS, France - On the occasion of the 2024 OECD Ministerial Council Meeting, assembled on 2-3 May 2024 under the...