FCPT Expands Portfolio, Acquires BluePearl Pet Hospital Property

Key Takeaways FCPT acquired a BluePearl Pet Hospital property for $3.8M to expand and diversify its portfolio.The property sits in a strong retail corridor and is corporate-operated under a net lease.The deal reflects a 7% cap rate with about five years remaining on the lease term.Four Corners Property Trust (FCPT) recently announced the acquisition of a BluePearl Pet Hospital Property for $3.8 million. The move highlights FCPT’s expansionary efforts to diversify and improve its portfolio quality through ac ...