Press Release

FCPT Announces Acquisition of Two McAlister’s Deli Restaurant Properties for $4.1 Million

Company Release - 1/27/2017 3:32 PM ET

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 two McAlister’s Deli properties for $4.1 million. Both properties are located in Texas and are occupied under a new triple-net master lease with 15-year term. The transaction was priced at a going-in cash cap rate of 6.75%, exclusive of transaction costs. The tenant is one of the largest McAlister’s Deli franchisees with a strong track record within the system. The restaurants are above average performers for the brand and well located in their respective communities.

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 will seek to grow its portfolio by acquiring additional real estate to lease, on a triple-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.fourcornerspropertytrust.com/.

Four Corners Property Trust
Bill Lenehan, 415-965-8031
CEO
Gerry Morgan, 415-965-8032
CFO

Source: Four Corners Property Trust