{"id":52208,"date":"2022-12-21T02:02:07","date_gmt":"2022-12-21T01:02:07","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/fcpt-announces-acquisition-of-a-wellnow-urgent-care-property-for-2-4-million\/"},"modified":"2022-12-21T02:02:07","modified_gmt":"2022-12-21T01:02:07","slug":"fcpt-announces-acquisition-of-a-wellnow-urgent-care-property-for-2-4-million","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/fcpt-announces-acquisition-of-a-wellnow-urgent-care-property-for-2-4-million\/","title":{"rendered":"FCPT Announces Acquisition of a WellNow Urgent Care Property for $2.4 Million"},"content":{"rendered":"
\n

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 WellNow Urgent Care property for $2.4 million. The property is newly constructed and located in a strong retail corridor in Michigan. It is corporate-operated under a net lease with 10 years of term remaining. The transaction was priced at a 6.3% cap rate on rent as of the closing date, exclusive of transaction costs.\n<\/p>\n

\nAbout FCPT<\/b>\n<\/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>.\n<\/p>\n

Contacts<\/b> <\/p>\n

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

\nGerry Morgan, 415-965-8032
\n
CFO\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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 WellNow Urgent Care property for $2.4 million. The property is newly constructed and located in a … [Read more…]<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["entry","post","publish","author-business","post-52208","format-standard","category-industry"],"yoast_head":"\nFCPT Announces Acquisition of a WellNow Urgent Care Property for $2.4 Million - Pharma Trend<\/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:\/\/pharma-trend.com\/en\/fcpt-announces-acquisition-of-a-wellnow-urgent-care-property-for-2-4-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 WellNow Urgent Care Property for $2.4 Million - Pharma Trend\" \/>\n<meta property=\"og:description\" content=\"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 WellNow Urgent Care property for $2.4 million. The property is newly constructed and located in a ... 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