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FCPT Announces Acquisition of a VCA Animal Hospital Property for $3.4 Million

1. FCPT acquires VCA Animal Hospital for $3.4 million in New Jersey. 2. The property features an eight-year net lease, indicating stable revenue.

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FAQ

Why Bullish?

Acquisitions usually signal growth potential and stability, similar to prior successful acquisitions by FCPT that positively affected their share price.

How important is it?

The acquisition aligns with FCPT's growth strategy, likely leading to increased investor confidence and stable cash flows.

Why Long Term?

The long-term net lease of eight years ensures revenue stability, contributing to sustained company growth.

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VCASPGPLNT
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 (“FCPT” or the “Company”), is pleased to announce the acquisition of a VCA Animal Hospital property for $3.4 million. The property is located in a highly trafficked corridor in New Jersey and is corporate-operated under a net lease with approximately eight years of term remain.

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