MILL VALLEY, Calif.–(BUSINESS WIRE)–4 Corners Property Belief (NYSE:FCPT), an actual property funding belief primarily engaged within the possession and acquisition of high-quality, net-leased restaurant and retail properties (FCPT or the Firm), is happy to announce the acquisition of a Nationwide Veterinary Associates property for $3.5 million. The property is positioned in Connecticut and is corporate-operated underneath a brand new long-term, triple web lease with annual hire bumps. The transaction was priced at a cap charge in vary with earlier FCPT transactions.
About FCPT
FCPT, headquartered in Mill Valley, CA, is an actual property funding belief primarily engaged within the possession, acquisition and leasing of restaurant and retail properties. The Firm seeks to develop its portfolio by buying further actual property to lease, on a web foundation, to be used within the restaurant and retail industries. Further details about FCPT could be discovered on the web site at www.fcpt.com.
Class: Acquisition
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4 Corners Property (NYSE:) Belief:
Invoice Lenehan, 415-965-8031
CEO
Patrick Wernig, 415-965-8038
CFO
Supply: 4 Corners Property Belief