FCPT Announces Acquisition Of A National Veterinary Alliance Property For $7.8M
Portfolio Pulse from Happy Mohamed
Four Corners Property Trust (NYSE:FCPT) has acquired a National Veterinary Alliance property for $7.8 million. The property is newly constructed, located in Pennsylvania, and is corporate-operated under a triple net lease with 15 years of term remaining.
June 26, 2023 | 8:08 pm
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FCPT acquires a National Veterinary Alliance property for $7.8M, expanding its portfolio with a newly constructed property in Pennsylvania under a 15-year triple net lease.
The acquisition of the National Veterinary Alliance property for $7.8 million is a positive development for FCPT as it expands its portfolio with a newly constructed property in a highly trafficked corridor in Pennsylvania. The property is corporate-operated under a triple net lease with 15 years of term remaining, providing a stable income stream for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100