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Chicago & Midwest  + Midwest  + Retail  | 

Four Corners Acquires Five Oak Street Properties for $24.3M

Four Corners Property Trust, a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties, has acquired five Oak Street Health properties for $24.3 million.

The properties are located in strong retail corridors in Illinois and Indiana and are corporate-operated under net leases. The transaction was priced at a cap rate in range with previous Four Corners transactions. Four Corners also purchased a Fresenius Medical Care property for $2.6 million and acquired three W.W. Williams properties in Michigan and Ohio for $10.3 million through a sale-leaseback deal.

Four Corners Property Trust is among the nation’s leading owners of restaurant and retail real estate. With a portfolio of 1,030 properties located across 47 states, the company is expected to grow and further diversify its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.


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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.