FCPT Announces Acquisition of Texas Roadhouse, Olive Garden, and Arby’s Properties for $4.9 million

MILL VALLEY, Calif.–(BUSINESS WIRE)–Four Corners Property Trust (NYSE:FCPT), a real estate investment trust
engaged in the ownership of high-quality, net-leased restaurant
properties (“FCPT” or the “Company”), is pleased to announce the
acquisition of a Texas Roadhouse property, an Olive Garden property, and
an Arby’s property for an aggregate amount of $4.9 million. All three
properties are outparcels to a mall located in Logan, Utah and are
leased to corporate operators under triple net leases with approximately
7 years of weighted average term remaining. The transaction was priced
at a 6.8% going-in cash cap rate, exclusive of transaction costs.

About FCPT

FCPT, headquartered in Mill Valley, CA, is a real estate investment
trust primarily engaged in the acquisition and leasing of restaurant
properties. The Company seeks to grow its portfolio by acquiring
additional real estate to lease, on a net basis, for use in the
restaurant and related food services industry. Additional information
about FCPT can be found on the website at http://www.fcpt.com/.


Four Corners Property Trust:
Bill Lenehan, 415-965-8031

Gerry Morgan, 415-965-8032

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