FCPT agrees to buy up to 102 Mission Pet Health veterinary properties for $268 million

Four Corners Property Trust, Inc.

Four Corners Property Trust, Inc.

FCPT

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  • Four Corners Property Trust signed a deal to buy up to 102 Mission Pet Health veterinary properties for up to USD 268 million.
  • Closing targeted for early Q3 2026, subject to due diligence and customary conditions.
  • Portfolio largely covered by two triple-net master leases, carrying about 10 years remaining term.
  • Initial cash rent about USD 17.33 million, including contractual rent increases scheduled for September 2026.
  • Pro forma, Mission Pet Health would represent about 6% of cash rent; medical retail exposure rises to about 16%.


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