STOCK TITAN

FCPT Announces Acquisition of a BarnesCare Clinic for $1.8 million

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Very Positive)
Tags
acquisition

MILL VALLEY, Calif.--(BUSINESS WIRE)-- Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a BarnesCare occupational medicine clinic for $1.8 million. The property is located in a highly trafficked corridor in Missouri and is corporate-operated under a net lease. The transaction was priced at a cap rate in range with previous FCPT transactions.

About FCPT

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail 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.

Four Corners Property Trust:

Bill Lenehan, 415-965-8031

CEO

Gerry Morgan, 415-965-8032

CFO

Source: Four Corners Property Trust

Four Corners Property Trust Inc

NYSE:FCPT

FCPT Rankings

FCPT Latest News

FCPT Stock Data

Other Activities Related to Real Estate
Real Estate and Rental and Leasing
Link
Finance, Real Estate Investment Trusts, Real Estate and Rental and Leasing, Other Activities Related to Real Estate
US
Mill Valley

About FCPT

four corners property trust (nyse:fcpt) is a $2 billion investment grade rated net lease reit focused on restaurant real estate. fcpt was spun-off from darden restaurants, inc. in november 2015 with 418 properties. today, fcpt owns over 500 properties in 44 states with over 20 brands. at fcpt, our strategy continues to be diversifying and scaling our portfolio through acquisitions and sale-leasebacks of quality credit restaurant operators with strong fundamental real estate. for more information, navigate to the following site: www.fcpt.com