FCPT Announces Acquisition of a Buffalo Wild Wings Restaurant Property for $3.6 million

MILL VALLEY, Calif.--()--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 corporate-leased Buffalo Wild Wings restaurant property for $3.6 million. The property is located in Austin, TX, and is occupied under a triple-net lease with approximately 6 years of term remaining and a rent escalation of 2.0% annualized. The transaction was priced at a 6.9% 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/.

Contacts

Four Corners Property Trust:
Bill Lenehan, 415-965-8031
CEO
or
Gerry Morgan, 415-965-8032
CFO

Contacts

Four Corners Property Trust:
Bill Lenehan, 415-965-8031
CEO
or
Gerry Morgan, 415-965-8032
CFO