FCPT Acquires Michigan VCA Animal Hospital Property for $3 Million

Four Corners Property Trust, Inc. +0.98%

Four Corners Property Trust, Inc.

FCPT

23.75

+0.98%

Four Corners Property Trust (FCPT) acquired a VCA Animal Hospital property in Michigan for $3.0 million. The corporate-operated site is under a long-term triple net lease, and the deal was priced at a 6.6% cap rate based on rent as of closing, excluding transaction costs.

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