FCPT Acquires VCA Animal Hospital Property for $5.8 Million

Four Corners Property Trust (FCPT) acquired a VCA Animal Hospital property for $5.8 million. The property is located in a strong retail corridor in New York and is corporate-operated under a long-term net lease. The transaction was priced at a cap rate in range with previous FCPT transactions. FCPT is a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties.