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”), closed on the purchase of 102 Mission Pet Health veterinary properties for a purchase price of $268.0 million on next twelve months’ cash rent of approximately $17.37 million, and inclusive of a rent credit received at closing. Including today’s acquisition, and year-to-date, FCPT has completed the acquisition of 139 properties for a total investment of $364.3 million (excluding transaction costs) at a weighted average cap rate of 6.6%.
Read the full article: FCPT Closes Acquisition of 102 Mission Pet Health Veterinary Properties for $268M as Part of Previously Announced Mission Pet Health Veterinary Transaction //
Source: https://www.businesswire.com/news/home/20260716381255/en/FCPT-Closes-Acquisition-of-102-Mission-Pet-Health-Veterinary-Properties-for-%24268-Million-as-part-of-Previously-Announced-Mission-Pet-Health-Veterinary-Transaction