FCPT Announces Acquisition of a Dual-Tenant Starbucks and Noodles & Company Property for $2.4 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 dual-tenant Starbucks and Noodles & Company restaurant
for $2.4 million from PREIT. The property is located in Maryland, and is
occupied under two, separate double-net leases with approximately 6.3
years of term remaining and a rent escalation of 2.0% annualized. Both
of the leases are with the corporate operator of each tenant’s
respective brand. The transaction was priced at a 7.0% 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
Morgan, 415-965-8032


I have been involved with publishing and marketing for the past 32 years. My passion is helping people share their voice. I am able to do this through two important venues: One, with Area-Info.net where people can share everything from opinions to events to news. It is your choice! What do you want to share? Two, through a new program called America's Real Deal I am involved with to help business owners get their voice heard.I schedule speaking engagements with community groups and business groups to share my passion about the importance of "sharing your voice".Contact me directly at lee@leeeverton.com for scheduling information.