FCPT Announces Acquisition of a DaVita Kidney Care Property for $2.2 Million
June 24 2022 - 03:25PM
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 DaVita Kidney Care property for $2.2 million. The property is
located in a highly trafficked corridor in Kansas and is occupied
under a net lease to the corporate entity with approximately seven
years of term remaining. The transaction was priced at a 6.3%
capitalization rate, exclusive of transaction costs.
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220623005907/en/
Four Corners Property Trust: Bill Lenehan, 415-965-8031 CEO
Gerry Morgan, 415-965-8032 CFO
Four Corners Property (NYSE:FCPT)
Historical Stock Chart
From Feb 2024 to Mar 2024
Four Corners Property (NYSE:FCPT)
Historical Stock Chart
From Mar 2023 to Mar 2024