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FCPT Announces Acquisition of Six Novant Health Urgent Care Properties for $12.0 Million

1. FCPT acquired six Novant Health Urgent Care properties for $12 million. 2. Properties are in high-traffic areas and under long-term triple net leases.

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FAQ

Why Bullish?

The acquisition diversifies FCPT’s portfolio and enhances long-term revenue streams, similar to previous successful acquisitions that positively influenced stock performance.

How important is it?

The acquisition is a strategic move that can attract investor interest, reflecting confidence in FCPT's growth potential.

Why Long Term?

The long-term leases will provide steady income and stability, reflecting FCPT's strategic growth oriented towards sustainable returns.

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RESIOSPG
MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of six Novant Health Urgent Care properties for $12.0 million. The properties are located in highly trafficked corridors in South Carolina and are corporate operated under long-term, triple net leases. The trans.

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