Press Release: FCPT Announces Acquisition of Five Novant Health Urgent Care Properties for $11.7 Million

Dow Jones

08/06

MILL VALLEY, Calif.--(BUSINESS WIRE)--August 05, 2026--

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 five Novant Health Urgent Care properties for $11.7 million. The properties are located in strong retail corridors in South Carolina and corporate-operated under net leases with approximately five years of term remaining. The transaction was priced at a 6.9% cap rate including rent credits received at closing and exclusive of transaction costs.

About FCPT

FCPT, 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 seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at www.fcpt.com.

Category: Acquisition

View source version on businesswire.com: https://www.businesswire.com/news/home/20260805115807/en/

 
    CONTACT:    Four Corners Property Trust:

Bill Lenehan, 415-965-8031

CEO

Patrick Wernig, 415-965-8038

CFO

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The properties are located in strong retail corridors in South Carolina and corporate-operated under net leases with approximately five years of term remaining. The transaction was priced at a 6.9% cap rate including rent credits received at closing and exclusive of transaction costs. \n</p>\n<p>\n     About FCPT \n</p>\n<p>\n     FCPT, 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 seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at www.fcpt.com. \n</p>\n<p>\n     Category: Acquisition \n</p>\n<p>\n     View source version on businesswire.com: https://www.businesswire.com/news/home/20260805115807/en/ \n</p>\n<pre style=\"white-space: pre\">\n \n    CONTACT:    Four Corners Property Trust: \n</pre>\n<p>\n     Bill Lenehan, 415-965-8031 \n</p>\n<p>\n     CEO \n</p>\n<p>\n     Patrick Wernig, 415-965-8038 \n</p>\n<p>\n     CFO \n</p>\n<pre style=\"white-space: pre\">\n \n \n</pre>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FCPT","symbol_name":"Four Corners Property Trust, Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2657257316","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2657257316","pubTimestamp":1785961740,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"MILL VALLEY, Calif.--(BUSINESS WIRE)--August 05, 2026--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-l","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"FCPT":"Four Corners Property Trust, Inc.","BK4234":"特殊用途房地产信托","JJJ.SI":"Lion-Nomura Japan Active ETF","BK4084":"特种房地产投资信托","SRT.SI":"CSOP S-REITs INDEX ETF","PPTY":"U.S. Diversified Real Estate ETF","CFA.SI":"NikkoAM-STC Asia REIT","SRU.SI":"CSOP iEdge SREIT ETF US$","GLS.SI":"Lion SG Phy Gold S$","CLR.SI":"LION-PHILLIP S-REIT","TSRS":"Truth Social American Red State REITs ETF"},"translate_title":"新闻稿：FCPT 宣布以 1170 万美元收购五处 Novant Health 紧急护理物业","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PPTY":0.6,"CLR.SI":0.6,"FCPT":1.5,"GLS.SI":0.6,"SRU.SI":0.6,"JJJ.SI":0.6,"CFA.SI":0.9,"SRT.SI":0.6,"TSRS":0.6},"content_text":"MILL VALLEY, Calif.--(BUSINESS WIRE)--August 05, 2026-- \n\n\nFour 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 five Novant Health Urgent Care properties for $11.7 million. The properties are located in strong retail corridors in South Carolina and corporate-operated under net leases with approximately five years of term remaining. The transaction was priced at a 6.9% cap rate including rent credits received at closing and exclusive of transaction costs. \n\n\n     About FCPT \n\n\n     FCPT, 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 seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at www.fcpt.com. \n\n\n     Category: Acquisition \n\n\n     View source version on businesswire.com: https://www.businesswire.com/news/home/20260805115807/en/ \n\n\n \n    CONTACT:    Four Corners Property Trust: \n\n\n     Bill Lenehan, 415-965-8031 \n\n\n     CEO \n\n\n     Patrick Wernig, 415-965-8038 \n\n\n     CFO","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}