Four Corners Property Trust acquires D&W Fresh Market property for $6.9 million
FCPT•FCPT acquires Michigan D&W Fresh Market property
Four Corners Property Trust said it acquired a D&W Fresh Market property for $6.9 million.
The asset sits in a high-traffic corridor in Michigan.
The tenant is corporate-operated under a long-term net lease; D&W is operated by C&S Wholesale Grocers.
Pricing implied a cap rate in line with FCPT’s recent transactions.
