An SCA Health property in Alabama has been acquired by Four Corners Property Trust for $3.9 million.
The property is corporate-operated under a triple net lease with about four years of term remaining, according to a Nov. 5 news release from FCPT.
The transaction was priced at a 8.3% cap rate on rent as of the closing date and exclusive of transaction costs.
SCA Health operates over 370 clinical locations and 400 physician practice clinics nationwide, the release said.
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