Four Corners Property Trust (FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties, is pleased to announce the acquisition of an Aspen Dental property for $1.9 million. The property is located in a strong retail corridor in New Mexico and is corporate-operated.
The transaction was priced at a cap rate in range with previous Four Corners Property Trust transactions.
Four Corners Property Trust, 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 Four Corners Property Trust can be found on the website at www.fcpt.com.