Four Corners Property Trust
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FCPT Acquires Heartland Dental Property for $3.3 Million
Four Corners Property Trust (FCPT) acquired a Heartland Dental property in Oklahoma for $3.3 million at a 6.9% cap rate. The property, located on a high-traffic corridor, is under a corporate-backed triple-net lease with four years remaining and a near-term rent increase. This acquisition reflects FCPT’s focus on stable, income-generating assets with strong tenants in resilient sectors like healthcare. FCPT, a REIT specializing in net-leased restaurant and retail properties, aims to expand its portfolio through strategic acquisitions.
