Four Corners Property acquires Midwest Orthopedic Network property for $4.3M
Apr. 11, 2023 1:20 AM ETFour Corners Property Trust, Inc. (FCPT)By: Meghavi Singh, SA News Editor3 Comments
- Four Corners Property Trust (NYSE:FCPT) on Monday said it acquired a Midwest Orthopedic Network property for $4.3M.
- The property is in a strong medical corridor in Wisconsin and is corporate-operated under a net lease with approximately four years of term remaining and annual rent increases of 2.5%.
- The deal was priced at a 8.1% cap rate exclusive of transaction costs.
- Press Release