Updated Jul 23, 2026
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
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