Net Lease

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.

Four Corners Property Trust (FCPT) has acquired four Cheddar’s Scratch Kitchen locations for $14.7 million. The net-leased properties, located in Kentucky, Indiana, and Virginia, are corporate-operated with long-term, triple net leases. The acquisition, completed at a consistent cap rate, aligns with FCPT’s strategy of expanding its portfolio of quality restaurant and retail assets and securing reliable, long-term revenue.