FCPT Announces Acquisition of a WellNow Urgent Care Property for $2.4 million

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 WellNow Urgent Care property for $2.4 million.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Wednesday, April 19, 2023
Information
Tags: 
Retail, Restaurant, Bar, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, Acquisition, NYSE, WellNow Urgent Care, Property management, Commercial property
Geotags: 
CALIFORNIA, UNITED STATES, NORTH AMERICA, INDIANA
⚠ generated by AI ↴
Organisation: 
FOUR CORNERS PROPERTY TRUST, FCPT
Stock Symbol: 
NYSE:FCPT
Summary
Key Points: 
  • 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 WellNow Urgent Care property for $2.4 million.
  • The property is newly constructed and located in a strong retail corridor in Indiana and is corporate-operated under a net lease.
  • The transaction was priced at a cap rate in range with previous FCPT transactions.


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 WellNow Urgent Care property for $2.4 million. The property is newly constructed and located in a strong retail corridor in Indiana and is corporate-operated under a net lease. The transaction was priced at a cap rate in range with previous FCPT transactions.

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.

Copyright: 
Copyright Business Wire 2023