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

FCPT Announces Acquisition of Two Express Oil Change Properties for $4.6 Million

December 23, 2021 GMT

MILL VALLEY, Calif.--(BUSINESS WIRE)--Dec 22, 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 two Express Oil Change properties for $4.6 million. The properties are located in highly trafficked corridors in Mississippi and both leases are with the corporate entity. The transaction was priced at a 6.3% going-in cash 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/20211222005510/en/

CONTACT: Four Corners Property Trust:

Bill Lenehan, 415-965-8031

CEOGerry Morgan, 415-965-8032

CFO

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA MISSISSIPPI

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

SOURCE: Four Corners Property Trust

Copyright Business Wire 2021.

PUB: 12/22/2021 08:17 PM/DISC: 12/22/2021 08:17 PM

http://www.businesswire.com/news/home/20211222005510/en