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FCPT Acquires Minnesota VCA Animal Hospital Property for USD 1.3m
Friday 11 June 2021

California-based real estate investment trust Four Corners Property Trust (NYSE: FCPT) has acquired a VCA Animal Hospital property, located in Minnesota, for USD 1.3m, the company said.

The property is located in a highly trafficked corridor in Minnesota and is corporate-operated under a net lease with approximately seven years of term remaining.

The transaction was priced at a 6.5% capitalisation rate, exclusive of transaction costs.

FCPT is primarily engaged in the acquisition and leasing of restaurant properties.
Date Published: 11/06/2021