FCPT Announces Acquisition of a WellNow Urgent Care Property for $2.3 Million
Four Corners Property Trust (NYSE:FCPT) has acquired a corporate WellNow Urgent Care property for $2.3 million. This property, situated in a strong retail corridor in New York, is leased under a long-term agreement. The acquisition reflects a capitalization rate in line with previous FCPT transactions, indicating consistency in their investment strategy. FCPT focuses on high-quality, net-leased restaurant properties and aims to expand its portfolio within the restaurant and retail sectors.
- Acquisition of WellNow Urgent Care for $2.3 million enhances property portfolio.
- Long-term net lease secured, ensuring steady income flow.
- Transaction capitalization rate aligns with previous acquisitions, indicating strategic consistency.
- None.
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a corporate WellNow Urgent Care property for
About FCPT
FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant 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.
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