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Press release content from Business Wire. The AP news staff was not involved in its creation.

FCPT Announces Acquisition of an O’Reilly Auto Parts Property for $2.3 Million

August 25, 2021 GMT

MILL VALLEY, Calif.--(BUSINESS WIRE)--Aug 25, 2021--

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 an O’Reilly Auto Parts property for $2.3 million. The property is located in a highly trafficked corridor in Illinois and is corporate-operated under a net lease with approximately five years of term remaining. The transaction was priced at a 6.5% capitalization rate, 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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View source version on businesswire.com:https://www.businesswire.com/news/home/20210825005813/en/

CONTACT: Four Corners Property Trust:

Bill Lenehan, 415-965-8031

CEOGerry Morgan, 415-965-8032

CFO

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA ILLINOIS

INDUSTRY KEYWORD: REIT RETAIL COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY SPECIALTY

SOURCE: Four Corners Property Trust

Copyright Business Wire 2021.

PUB: 08/25/2021 05:04 PM/DISC: 08/25/2021 05:04 PM

http://www.businesswire.com/news/home/20210825005813/en