FCPT Acquires A Baptist Medical Group Primary Care Property For $9.7M
Author: Benzinga Newsdesk | February 14, 2024 02:33am
Baptist Medical Group's parent company, Baptist Memorial Health Care, was founded in 1912 and is one of the largest not-for-profit healthcare systems in the United States. The property is located in a highly trafficked corridor in Tennessee and is corporate-operated under a long-term, triple net lease with approximately 10 years of term remaining. The transaction was priced at a 6.9% cap rate on rent as of the closing date and exclusive of transaction costs.
Posted In: FCPT