Four Corners Property Trust Acquires A National Veterinary Associates Property Located In Florida For $1.8M
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Four Corners Property Trust (FCPT) has acquired a National Veterinary Associates property in Florida for $1.8 million. The property is under a new long-term, triple net lease with annual rent increases. The transaction was priced at a cap rate consistent with previous FCPT deals.
May 28, 2024 | 9:36 pm
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Four Corners Property Trust (FCPT) has acquired a National Veterinary Associates property in Florida for $1.8 million. The property is under a new long-term, triple net lease with annual rent increases. The transaction was priced at a cap rate consistent with previous FCPT deals.
The acquisition of a new property under a long-term, triple net lease with annual rent increases is likely to positively impact FCPT's revenue and asset base. The consistent cap rate with previous transactions suggests stable investment returns.
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