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 Fcpt Announces Acquisition Of A Fresenius Property For $2.7 Million

 Fcpt Announces Acquisition Of A Fresenius Property For $2.7 Million

03/21/22, 11:45 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgmill valley
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgwaltham
Industry
real estate
health care
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 Fresenius property for $2.7 million. The property is located in a strong medical corridor in Michigan and is corporate operated under a net lease with approximately six years of term remaining. The transaction was priced at a capitalization rate of 7.4% on rent today and a run rate capitalization rate of 6.9% based on forward rent, exclusive of transaction costs.

Company Info

Company
FCPT
Location
Mill Valley, California, United States
Company info
Four Corners Property Trust (FCPT) is a real estate investment trust primarily engaged in the ownership, acquisition, and leasing of high-quality, net-leased 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.

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