Four Corners Property Trust (FCPT) has acquired a Midwest Orthopedic Network property in Wisconsin for $4.3 million. The property is situated in a strong medical corridor 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 an 8.1% cap rate, exclusive of transaction costs.
- 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.
Source: SeekingAlpha