FCPT acquires Novant Health Urgent Care property for $2.8 million

0 min read | Published on 22 Jul 2026, 06:57 AM |Updated on 22 Jul 2026, 06:57 AM

Reviewed by

Riya DScanX News Team

Key Highlights

Four Corners Property Trust acquired a Novant Health Urgent Care property in South Carolina for $2.8 million. The property is corporate-operated under a long-term triple net lease in a highly trafficked corridor.

*this image is generated using AI for illustrative purposes only.

Four Corners Property Trust has acquired a Novant Health Urgent Care property in South Carolina for $2.8 million. The transaction expands the company's portfolio of net-leased properties and aligns with its strategy of investing in high-quality real estate.

The property is located in a highly trafficked corridor and is corporate-operated under a long-term triple net lease. The acquisition was priced at a cap rate in range with previous Four Corners Property Trust transactions, reflecting consistent valuation metrics.

Transaction Details

Detail	Information
Property Type	Novant Health Urgent Care
Location	South Carolina
Acquisition Cost	$2.8 million
Lease Structure	Long-term triple net lease
Operation	Corporate-operated

Four Corners Property Trust, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition, and leasing of restaurant and retail properties. The company focuses on growing its portfolio by acquiring additional real estate to lease on a net basis for use in the restaurant and retail industries.

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

Does this acquisition signal a strategic shift by Four Corners Property Trust towards expanding their healthcare portfolio beyond their traditional restaurant and retail focus?

How will the addition of medical real estate impact the overall risk profile and defensive nature of the company's earnings?

Does Four Corners plan to pursue further acquisitions in the healthcare sector given the favorable valuation metrics of this transaction?

FCPT acquires Burger King property for $1.6 million

0 min read | Published on 21 Jul 2026, 04:25 AM |Updated on 21 Jul 2026, 04:25 AM

Reviewed by

Naman SScanX News Team

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Key Highlights

Four Corners Property Trust acquired a Burger King property in Minnesota for $1.6 million at a 7.4% cap rate. The property is leased to Dhanani Group under a triple net lease with about six years remaining.

*this image is generated using AI for illustrative purposes only.

Four Corners Property Trust has acquired a Burger King property located in a strong retail corridor in Minnesota for $1.6 million. The transaction was priced at a 7.4% cap rate on rent as of the closing date, exclusive of transaction costs. The property is franchisee-operated by Dhanani Group under a triple net lease with approximately six years of term remaining.

Dhanani Group is one of the largest restaurant franchise operators in the United States, operating more than 500 Burger King restaurants and over 800 locations across multiple restaurant brands. Four Corners Property Trust is a real estate investment trust primarily engaged in the ownership, acquisition, and leasing of restaurant and retail properties.

Transaction Details

Detail	Information
Property	Burger King
Location	Minnesota
Acquisition Cost	$1.6 million
Cap Rate	7.4%
Lease Type	Triple Net Lease
Remaining Term	Approximately 6 years
Operator	Dhanani Group