MILL VALLEY, Calif.–( BUSINESS WIRE )– Four Corners Property Trust (NYSE: FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-lease restaurants and retail properties. (FCPT or the Company) is pleased to announce the acquisition of nine U.S. family care properties for $21.2 million. American Family Care is an urgent care, family care and primary care company with 384 clinics in 33 states, known for its patient-first approach to providing high-quality health care services. The properties are located in strong retail corridors in Alabama (7) and Tennessee (2) and are corporate-operated under long-term triple leases with approximately 14 years remaining. The deal was priced at a cap rate commensurate with previous FCPT transactions.
About FCPT
FCPT, headquartered in Mill Valley, California, 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 properties to lease on a net basis for use in the restaurant and retail sectors. Additional information about FCPT can be found at www.fcpt.com.
Category: Acquisition
View source version on Businesswire.com: https://www.businesswire.com/news/home/20241220668450/en/
Four Corners Real Estate Company (NYSE:) Trust:
Bill Linehan, 415-965-8031
CEO
Patrick Wernig, 415-965-8038
CFO
Source: Four Corners Real Estate Corporation
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