MILL VALLEY, Calif., July 16, 2026--Four Corners Property Trust (NYSE:FCPT) has finalized the acquisition of 102 Mission Pet Health veterinary properties for $268 million, which includes a cash rent of approximately $17.37 million for the next twelve months. This acquisition is part of a previously announced transaction that took place in May 2026.
Read More
With this closing, FCPT has acquired a total of 139 properties this year, amounting to $364.3 million, excluding transaction costs, achieving a weighted average cap rate of 6.6%. This volume surpasses FCPT's previous annual acquisition records within just the first seven months of the year.
CEO Bill Lenehan expressed satisfaction with the transaction, stating that it significantly strengthens their relationship with Mission Pet Health. He praised the collaboration with both Mission Pet Health and Shore Capital Partners in successfully concluding the deal.
Headquartered in Mill Valley, CA, FCPT focuses on the ownership, acquisition, and leasing of restaurant and retail properties. The company aims to expand its portfolio by acquiring additional assets for lease within these sectors.
Shore Capital Partners, based in Chicago, invests in lower-middle market companies across various industries, including Healthcare, Food and Beverage, Business Services, Industrial, and Real Estate. They provide capital and operational resources to help management teams grow their businesses. Shore Capital is recognized as a leading private equity firm, having received multiple awards for its investment practices.