UK markets close in 5 hours 50 minutes
  • FTSE 100

    7,572.77
    +9.22 (+0.12%)
     
  • FTSE 250

    22,693.09
    +40.38 (+0.18%)
     
  • AIM

    1,155.38
    +1.18 (+0.10%)
     
  • GBP/EUR

    1.2004
    +0.0002 (+0.02%)
     
  • GBP/USD

    1.3622
    +0.0024 (+0.18%)
     
  • BTC-GBP

    30,494.85
    -500.75 (-1.62%)
     
  • CMC Crypto 200

    987.59
    -21.79 (-2.16%)
     
  • S&P 500

    4,577.11
    -85.74 (-1.84%)
     
  • DOW

    35,368.47
    -543.34 (-1.51%)
     
  • CRUDE OIL

    86.71
    +1.28 (+1.50%)
     
  • GOLD FUTURES

    1,817.70
    +5.30 (+0.29%)
     
  • NIKKEI 225

    27,467.23
    -790.02 (-2.80%)
     
  • HANG SENG

    24,127.85
    +15.07 (+0.06%)
     
  • DAX

    15,798.51
    +25.95 (+0.16%)
     
  • CAC 40

    7,176.49
    +42.66 (+0.60%)
     

FCPT Announces Acquisition of a RadNet Imaging Property for $2.2 Million

  • Oops!
    Something went wrong.
    Please try again later.
·1-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

MILL VALLEY, Calif., December 03, 2021--(BUSINESS WIRE)--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 RadNet Imaging property for $2.2 million. The property is located in a strong retail corridor in Florida and is corporate-operated under a net lease with approximately 6 years of term remaining. The transaction was priced at a 7.0% going-in cash capitalization rate, 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/20211203005577/en/

Contacts

Four Corners Property Trust:
Bill Lenehan, 415-965-8031
CEO

Gerry Morgan, 415-965-8032
CFO

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting