Four Corners Property Trust inked the $3.5 million purchase of a property of Springfield Clinic, a physician-led organization with more than 650 physicians and advanced practitioners across central Illinois. The deal includes a new triple net-lease with roughly 15 years remaining, priced at a 6.7% cap rate. The long-lease term provides stable, predictable income from a corporate-operated medical tenant in a strong retail corridor, FCPT said.
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