Business Wire | May 28, 2021 04:51PM EDT

FCPT Announces Acquisition of a WellNow Urgent Care Property for $2.3 Million

May 28, 2021

MILL VALLEY, Calif.--(BUSINESS WIRE)--May 28, 2021--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 WellNow Urgent Care property for $2.3 million. The property is located in a strong retail corridor in New York and is occupied under a long-term net lease. The transaction was priced at a capitalization rate consistent with previous FCPT transactions.

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, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210528005491/en/

CONTACT: Four Corners Property Trust: Bill Lenehan, 415-965-8031 CEO

CONTACT: Gerry Morgan, 415-965-8032 CFO