In the vibrant world of real estate investments, Four Corners Property Trust (NYSE: FCPT) stands out as a beacon of excellence. Specializing in the acquisition and ownership of premium, net-leased restaurant and retail properties, FCPT has once again made waves with its latest acquisition. The company is thrilled to announce the purchase of nine American Family Care properties for a substantial $21.2 million.
American Family Care, a renowned urgent care, family care, and primary care operator with an impressive network of 384 clinics spread across 33 states, is known for its unwavering commitment to providing top-notch healthcare services with a patient-first approach. The newly acquired properties are strategically located in bustling retail corridors in Alabama (7) and Tennessee (2), setting the stage for a lucrative investment opportunity.
Let’s delve deeper into the details of this exciting acquisition:
- The properties are under corporate operation, boasting long-term, triple net leases with an impressive 14 years of term remaining.
- The transaction has been meticulously priced at a cap rate in line with previous FCPT transactions, ensuring a sound investment decision that aligns with the company’s strategic vision.
Steering the ship at FCPT is a dynamic team based in Mill Valley, CA, that is dedicated to expanding the company’s portfolio by acquiring and leasing real estate on a net basis for the restaurant and retail sectors. To learn more about FCPT and its innovative approach to real estate investments, visit their website at www.fcpt.com.
As the acquisition unveils a new chapter in FCPT’s success story, the future looks brighter than ever for the company and its investors. Stay tuned for more groundbreaking developments from Four Corners Property Trust.
