Benzinga | Dec 3, 2021 04:50PM EST

FCPT Announces Acquisition Of A RadNet Imaging Property For $2.2M

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 RadNet Imaging property for $2.2 million. The property is located in a strong retail corridor in Florida and is corporate-operated under a net lease with approximately 6 years of term remaining. The transaction was priced at a 7.0% going-in cash capitalization rate, exclusive of transaction costs.