FCPT News & Events

Four Corners Property Trust is pleased to announce the acquisition of a VCA Animal Hospital property for $3M. The property is located in a highly trafficked corridor in Michigan and is corporate-operated under a long-term triple net lease. The transaction was priced at a 6.6% cap rate on rent as of the closing date and exclusive of transaction costs.

Four Corners Property is pleased to announce the acquisition of a Carrabba's Italian Grill property for $3.4 million. The property is located in a strong retail corridor in Florida and is corporate-operated under a triple net lease with approximately six years of term remaining. The transaction was priced at a 6.6% cap rate on rent as of the closing date and exclusive of transaction costs.

Four Corners Property Trust announces the acquisition of a property leased to a national automotive service operator for $1.6 million. The property is located in a highly trafficked corridor in Texas and corporate under a long term, triple net lease with approximately 7 years of term remaining. The transaction was priced at a 6.9% cap rate on rent as of the closing date and exclusive of transaction costs.