FCPT Acquires VCA Animal Hospital Property for USD 1.7m.
MANews-(C)2009-2022
US-based real estate investment trust Four Corners Property Trust (NYSE: FCPT) has acquired a VCA Animal Hospital property for USD 1.7m, the firm said.
The property is located in a highly trafficked corridor in Michigan and is corporate-operated under a net lease with approximately seven years of term remaining.
The transaction was priced at a 7.0% going-in cash capitalization rate, exclusive of transaction costs.
FCPT, headquartered in Mill Valley, California, is a real estate investment...
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