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10/17/2025 – 04:35 PM
MILL VALLEY, Calif. – Four Corners Property Trust (NYSE:FCPT), a REIT specializing in net-leased restaurant and retail properties, has expanded its portfolio with the acquisition of a Heartland Dental property in Oklahoma for $3.3 million, CNBC has learned. This strategic move underscores FCPT’s commitment to securing stable, income-generating assets in high-traffic areas.
Sources familiar with the deal indicate that the Heartland Dental location benefits from a prime location along a heavily trafficked corridor in Oklahoma. The property operates under a corporate-backed triple-net lease, providing FCPT with a predictable and stable income stream for the remaining four years of the lease term. The acquisition was executed at a 6.9% cap rate, including a scheduled near-term rent increase, positioning it favorably compared to current market averages. Industry analysts suggest this reflects FCPT’s disciplined approach to acquisitions and its ability to identify value in the net-lease market.
Cap rates in the net lease sector have seen some volatility amidst rising interest rates, but prime locations with strong tenant credit, like this Heartland Dental, continue to command premium valuations. Analysts believe FCPT’s focus on established brands in resilient sectors, such as dental services, provides a buffer against economic headwinds. The triple-net lease structure also minimizes FCPT’s operational responsibilities, allowing the company to focus on strategic growth and capital allocation.
The Heartland Dental acquisition aligns with FCPT’s broader investment strategy of acquiring and leasing real estate for use in the restaurant and retail industries. As the retail landscape evolves, FCPT is positioning itself to capitalize on growing sectors like healthcare and service-based retail, which are less susceptible to e-commerce disruption.
FCPT’s management has consistently emphasized a data-driven approach to property selection, focusing on factors such as location demographics, traffic patterns, and tenant creditworthiness. This disciplined approach has enabled the company to maintain a high-quality portfolio and generate consistent returns for shareholders.
About FCPT
Headquartered in Mill Valley, CA, Four Corners Property Trust (FCPT) is a real estate investment trust primarily engaged in the ownership, acquisition, and leasing of restaurant and retail properties. The Company aims to expand its portfolio through the acquisition of additional real estate for net-lease arrangements in the restaurant and retail sectors. Further details about FCPT can be found at www.fcpt.com.
Source: Four Corners Property Trust
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