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Stock impact report

FCPT Announces Acquisition of a Heartland Dental Property for $2.0 million [Yahoo! Finance]

Four Corners Property Trust, Inc. (FCPT) 
Last four corners property trust, inc. earnings: 2/12 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
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 Heartland Dental property for $2.0 million. The property is located in a strong retail corridor in Alabama and is corporate-operated under a net lease with approximately four years of term remaining. The transaction was priced at a 7.7% cap rate on rent as of the closing date, 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/20240326514421/en/ Contacts Show less Read more
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