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FCPT Announces Acquisition of a Novant Health Urgent Care Property for $2.8 Million

  • Four Corners Property Trust (NYSE: FCPT) acquired a Novant Health Urgent Care property for $2.8 million.
  • The property is located in a highly trafficked corridor in South Carolina.
  • The site is corporate-operated under a long-term triple net lease.
  • The transaction was priced at a cap rate consistent with previous FCPT deals.
  • FCPT is a REIT headquartered in Mill Valley, CA, focused on owning & leasing restaurant & retail properties.