FCPT Announces Acquisition of a Heartland Dental Property for $2.0 million

March 26, 2024

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 Heartland Dental property for $2.0 million. The property is located in a strong retail corridor in Alabama and is corporate-operated under a net lease with approximately four years of term remaining. The transaction was priced at a 7.7% 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.

Four Corners Property Trust:

Bill Lenehan, 415-965-8031


Gerry Morgan, 415-965-8032


Source: Four Corners Property Trust