FCPT Acquires Springfield Clinic Property in Illinois for $3.5 Million

1 min read | Published on 01 Jul 2026, 04:35 AM |Updated on 01 Jul 2026, 04:41 AM

Reviewed by

Shriram SScanX News Team

Key Highlights

Four Corners Property Trust has acquired a Springfield Clinic property in Illinois for $3.5 million at a 6.7% cap rate, under a new triple net lease with approximately 15 years of term remaining. Springfield Clinic is a physician-led organization with over 650 physicians serving central Illinois. The deal aligns with FCPT's strategy of growing its net-leased real estate portfolio.

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

Four Corners Property Trust, a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties, has announced the acquisition of a Springfield Clinic property for $3.5 million. The transaction was priced at a 6.7% cap rate on rent as of the closing date, excluding transaction costs. The property is situated in a strong retail corridor in Illinois and is corporate-operated under a new triple net lease with approximately 15 years of term remaining.

Springfield Clinic is a physician-led medical organization with more than 650 physicians and advanced practitioners serving central Illinois. The acquisition reflects Four Corners Property Trust's continued strategy to grow its portfolio by acquiring high-quality, net-leased real estate assets.

Transaction Details

The key terms of the acquisition are outlined below:

Detail:	Information
Acquisition Cost:	$3.5 million
Cap Rate:	6.7%
Lease Type:	Triple Net Lease
Remaining Term:	Approximately 15 years
Location:	Strong retail corridor in Illinois

Four Corners Property Trust is headquartered in Mill Valley, CA, and is primarily engaged in the ownership, acquisition, and leasing of restaurant and retail properties.

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

How will this acquisition impact Four Corners Property Trust's overall portfolio diversification beyond its traditional restaurant and retail focus?

What are the potential risks and rewards of expanding into medical properties given the current economic climate?

Could this acquisition signal a strategic shift towards more healthcare-related assets in the future?

FCPT acquires Tires Plus property for $1.7 million

0 min read | Published on 12 Jun 2026, 04:41 AM |Updated on 12 Jun 2026, 04:41 AM

Reviewed by

Anirudha BScanX News Team

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Key Highlights

Four Corners Property Trust acquired a Tires Plus property in Minnesota for $1.7 million at a 6.9% cap rate. The site is corporate-operated under a triple net lease with approximately five years of term remaining.

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

Four Corners Property Trust acquired a Tires Plus property located in a strong retail corridor in Minnesota for $1.7 million. The transaction was priced at a 6.9% cap rate on rent as of the closing date, exclusive of transaction costs. The property is corporate-operated under a triple net lease with approximately five years of term remaining.

Transaction Details

The acquisition adds a net-leased retail asset to Four Corners Property Trust's portfolio. The property is secured by a triple net lease structure, which typically requires the tenant to pay property taxes, insurance, and maintenance costs.

Metric	Value
Acquisition Price	$1.7 million
Cap Rate	6.9%
Lease Term Remaining	Approximately 5 years
Lease Type	Triple Net

About Four Corners Property Trust

Four Corners Property Trust is a real estate investment trust primarily engaged in the ownership, acquisition, and leasing of restaurant and retail properties. Headquartered in Mill Valley, CA, the company seeks to grow 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.

What are Four Corners Property Trust's plans for lease renewal or tenant retention once the five-year term expires?

How does this acquisition align with the company's broader strategy for expanding its retail portfolio in the Midwest?

What impact might rising interest rates have on future cap rates for similar net-leased retail properties?