Four Corners Property Trust Acquires Four Mission Pet Health Properties for $9.3 Million

Four Corners Property Trust (FCPT) acquired four Mission Pet Health properties for $9.3 million, located in strong retail corridors in Illinois and Wisconsin. The properties are corporate-operated under long-term, net leases with a weighted average of 11 years remaining. The transaction was priced at a 6.9% cap rate on rent. FCPT is a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties.