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Four Corners Property Trust (FCPT) has acquired a veterinary clinic portfolio of five properties for $13.8 million, announced recently. The acquisition aims to bolster FCPT’s resilience amid uncertain economic conditions and includes two National Veterinary Associates properties, two Banfield Pet Hospital properties, and one Mission Pet Health property, with two located in California and one each in Florida, North Carolina, and Texas.
The properties, leased at a 7.3% cap rate with an average remaining term of nine years, further enhance FCPT’s diverse portfolio, which had seen the acquisition of 28 properties worth $82 million in Q3 2025. However, the company faces challenges with a substantial debt load of $1.23 billion, impacting future growth potential.
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