FCPT Announces Acquisition of a Mr. Tire Property for $1.2 Million

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 Mr. Tire property for $1.2 million. The property is located in a highly trafficked corridor in New Jersey and is occupied under a net ground lease with approximately ten years of term remaining. The transaction was priced at a 6.5% capitalization rate, exclusive of transaction costs.