{"id":759625,"date":"2023-05-18T16:09:19","date_gmt":"2023-05-18T20:09:19","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/fcpt-announces-acquisition-of-a-heartland-dental-property-for-2-6-million\/"},"modified":"2023-05-18T16:09:19","modified_gmt":"2023-05-18T20:09:19","slug":"fcpt-announces-acquisition-of-a-heartland-dental-property-for-2-6-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/fcpt-announces-acquisition-of-a-heartland-dental-property-for-2-6-million\/","title":{"rendered":"FCPT Announces Acquisition of a Heartland Dental Property for $2.6 Million"},"content":{"rendered":"

<\/p>\n

FCPT Announces Acquisition of a Heartland Dental Property for $2.6 Million<\/b><\/p>\n

MILL VALLEY, Calif.–(BUSINESS WIRE<\/a>)–
\nFour 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 (\u201cFCPT\u201d or the \u201cCompany\u201d), is pleased to announce the acquisition of a Heartland Dental property for $2.6 million. The property is located in a strong retail corridor in Missouri and is occupied under a long-term, triple net lease with approximately five years of term remaining. The transaction was priced at a 7.0% cap rate including rent credits received at closing, or a 6.8% cap rate on rent as of the closing date and exclusive of transaction costs.<\/p>\n

About FCPT<\/b><\/p>\n

\nFCPT, 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<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230518005686\/en\/<\/a><\/span><\/p>\n

\nFour Corners Property Trust:
\n
Bill Lenehan, 415-965-8031
\n
CEO<\/p>\n

\nGerry Morgan, 415-965-8032
\n
CFO<\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Commercial Building & Real Estate Construction & Property Finance Health Professional Services REIT Dental Residential Building & Real Estate<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

FCPT Announces Acquisition of a Heartland Dental Property for $2.6 Million MILL VALLEY, Calif.–(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 (\u201cFCPT\u201d or the \u201cCompany\u201d), is pleased to announce the acquisition of a Heartland Dental property for $2.6 million. The property is located in a strong retail corridor in Missouri and is occupied under a long-term, triple net lease with approximately five years of term remaining. The transaction was priced at a 7.0% cap rate including rent credits received at closing, or a 6.8% cap rate on rent as of the closing date and exclusive of transaction costs. About FCPT FCPT, headquartered … <\/p>\n

Continue reading “FCPT Announces Acquisition of a Heartland Dental Property for $2.6 Million”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-759625","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nFCPT Announces Acquisition of a Heartland Dental Property for $2.6 Million - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/fcpt-announces-acquisition-of-a-heartland-dental-property-for-2-6-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FCPT Announces Acquisition of a Heartland Dental Property for $2.6 Million - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"FCPT Announces Acquisition of a Heartland Dental Property for $2.6 Million MILL VALLEY, Calif.–(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 (\u201cFCPT\u201d or the \u201cCompany\u201d), is pleased to announce the acquisition of a Heartland Dental property for $2.6 million. The property is located in a strong retail corridor in Missouri and is occupied under a long-term, triple net lease with approximately five years of term remaining. The transaction was priced at a 7.0% cap rate including rent credits received at closing, or a 6.8% cap rate on rent as of the closing date and exclusive of transaction costs. 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