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 9 American Household Care properties for $21.2 million. American Household Care is an pressing care, household care, and first care operator with 384 clinics throughout 33 states, identified for its patient-first strategy to offering high-quality healthcare companies. The properties are positioned in sturdy retail corridors in Alabama (7) and Tennessee (2) and are corporate-operated below long run, triple internet leases with roughly 14 years of time period remaining. The transaction was priced at a cap fee in vary with earlier FCPT transactions.
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 might be discovered on the web site at www.fcpt.com.
Class: Acquisition
View supply model on businesswire.com: https://www.businesswire.com/information/dwelling/20241220668450/en/
4 Corners Property (NYSE:) Belief:
Invoice Lenehan, 415-965-8031
CEO
Patrick Wernig, 415-965-8038
CFO
Supply: 4 Corners Property Belief
