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FCPT Announces Acquisition of a BJ’s Restaurant Property for $4.2 million

December 27, 2019 GMT

MILL VALLEY, Calif.--(BUSINESS WIRE)--Dec 27, 2019--

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a corporate-operated BJ’s Restaurant and Brewhouse property for $4.2 million. The property is located in Arkansas and is occupied under a triple-net lease by BJ’s Restaurants, Inc. (NASDAQ: BJRI) with approximately 14 years of term. The transaction was priced at a 6.5% 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 for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at www.fcpt.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191227005244/en/

CONTACT: Four Corners Property Trust:

Bill Lenehan, 415-965-8031

CEOGerry Morgan, 415-965-8032

CFO

KEYWORD: CALIFORNIA ARKANSAS UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: REIT RESTAURANT/BAR RETAIL COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY

SOURCE: Four Corners Property Trust

Copyright Business Wire 2019.

PUB: 12/27/2019 12:18 PM/DISC: 12/27/2019 12:18 PM

http://www.businesswire.com/news/home/20191227005244/en