Four Corners Property Trust (NYSE: FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Burger King property for $1.6 million. The property is located in a strong retail corridor in Minnesota and franchisee-operated by Dhanani Group under a triple net lease with approximately six years of term remaining. Dhanani Group is one of the largest restaurant franchise operators in the United States, operating more than 500 Burger King restaurants and over 800 locations across multiple restaurant brands. The transaction was priced at a 7.4% cap rate on rent as of the closing date and exclusive of transaction costs.

About FCPT

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail 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 retail industries. Additional information about FCPT can be found on the website at www.fcpt.com.

Category: Acquisition

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