FCPT Announces Acquisition of Buffalo Wild Wings Restaurant Property for $1.7 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 operated Buffalo Wild Wings restaurant for $1.7 million from PREIT. The property is located in South Carolina, and is occupied under a triple-net lease with approximately 13.2 years of term remaining and a rent escalation of 2.0% annualized. The transaction was priced at a 6.6% 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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