MILL VALLEY, Calif.–(BUSINESS WIRE)–4 Corners Property Belief (NYSE:FCPT), an actual property funding belief primarily engaged within the possession and acquisition of high-quality, net-leased restaurant and retail properties (FCPT or the Firm), is happy to announce the acquisition of a Mercy Well being Clinic property for $3.8 million. Mercy Well being is without doubt one of the largest well being techniques in the US and has been in operation since 1871. The property is positioned in a powerful retail hall in Missouri and corporate-operated below a triple internet lease with roughly 5 years of time period remaining. The transaction was priced at a 7.1% cap price on hire as of the time limit and unique of transaction prices.
About FCPT
FCPT, headquartered in Mill Valley, CA, is an actual property funding belief primarily engaged within the possession, acquisition and leasing of restaurant and retail properties. The Firm seeks to develop its portfolio by buying further actual property to lease, on a internet foundation, to be used within the restaurant and retail industries. Extra details about FCPT could be discovered on the web site at www.fcpt.com.
Class: Acquisition
View supply model on businesswire.com: https://www.businesswire.com/information/dwelling/20240606583651/en/
4 Corners Property (NYSE:) Belief:
Invoice Lenehan, 415-965-8031
CEO
Patrick Wernig, 415-965-8038
CFO
Supply: 4 Corners Property Belief
