MILL VALLEY, Calif.--(BUSINESS WIRE)--Dec 29, 2022--

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 three properties leased to Aspen Dental, Addus Homecare, AT&T, WellNow, and Banfield Pet Hospital for $11.5 million. The properties are located in a strong retail corridor in Illinois. The tenants are all corporate-operated under net leases with a weighted average five years of term remaining. The transaction was priced at a 6.8% cap rate on rent as of the closing date, 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.

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CONTACT: Four Corners Property Trust:

Bill Lenehan, 415-965-8031

CEO

Gerry Morgan, 415-965-8032

CFO

KEYWORD: CALIFORNIA ILLINOIS UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: VETERINARY COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY HOSPITALS REIT DENTAL RESTAURANT/BAR HEALTH RETAIL

SOURCE: Four Corners Property Trust

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PUB: 12/29/2022 07:48 PM/DISC: 12/29/2022 07:47 PM

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