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2475 Broad Street

Updated Jul 23, 2026

William Lenehan Of Four Corners Property Trust Acquires Medical Office In Sumter For $2.8M
SOLDMedical Office

William Lenehan Of Four Corners Property Trust Acquires Medical Office In Sumter For $2.8M

2475 Broad Street

$2,800,000

Building Size

Asset Type

Medical Office

Closing

Jul 22, 2026

About this deal

AI

The transaction involves a medical office asset located at 2475 Broad Street in Sumter, SC. Four Corners Property Trust purchased the property, which is leased to Novant Health under a long-term triple-net agreement, for $2,800,000. The asset adds to FCPT's portfolio of net-leased properties in locations that provide stable, long-term rental income.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: $2,800,000
  • Buyer: William Lenehan - Four Corners Property Trust
  • Date of Transaction: 07/22/2026
  • Market: Sumter, SC

The acquisition enhances Four Corners Property Trust's strategy of expanding its holdings in high-traffic areas, specifically targeting healthcare assets. William Lenehan represents Four Corners Property Trust in this transaction, further solidifying the trust's commitment to investing in long-term leased properties.

Players

William Lenehan

Broker

$32.5M

vol

4 deals

Broker

William Lenehan

Four Corners Property Trust

Buyer

$32.5M

vol

4 deals

Buyer

Saint Maries Medical Office Market Snapshot

Boundary boundary · Medical Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.67%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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