AP NEWS
ADVERTISEMENT
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

FCPT Announces Acquisition of a Fresenius Medical Care Property for $2.6 Million

March 26, 2021 GMT

MILL VALLEY, Calif.--(BUSINESS WIRE)--Mar 26, 2021--

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Fresenius Medical Care property for $2.6 million. The property is located in a strong retail and medical corridor in Indiana and is occupied under a triple net lease with the corporate operator with approximately 6 years of term remaining. The transaction was priced at a 6.4% going-in cash capitalization rate, exclusive of transaction costs.

ADVERTISEMENT

About FCPT

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant 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/20210326005460/en/

CONTACT: Four Corners Property Trust:

Bill Lenehan, 415-965-8031

CEOGerry Morgan, 415-965-8032

CFO

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDIANA

INDUSTRY KEYWORD: RETAIL HEALTH RESTAURANT/BAR HOSPITALS COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY REIT

SOURCE: Four Corners Property Trust

Copyright Business Wire 2021.

PUB: 03/26/2021 04:43 PM/DISC: 03/26/2021 04:42 PM

http://www.businesswire.com/news/home/20210326005460/en