Four Corners Property Trust (FCPT) is pleased to announce the acquisition of an Ethos Veterinary Health property for $3.7M. Ethos Veterinary Health is a network of over 140 specialty and emergency veterinary hospitals across North America. The property is located in a strong retail corridor in New York and is corporate-operated under a triple net lease with approximately five years of term remaining. The transaction was priced at a 7.5% cap rate on rent as of the closing date and exclusive of transaction costs.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FCPT:
- Four Corners acquires Six Novant Health Urgent Care properties for $12M
- Four Corners Property Trust acquires LongHorn Steakhouse property for $2.5M
- FCPT acquires portfolio of automotive service properties for $4.7M
- Four Corners Property Trust acquires Olive Garden property for $4.1M
- Four Corners Property Trust acquires Tires Plus property for $1.7M