Fcpt Announces 2021 Acquisition Volume And Acquisition Of A Chick-Fil-A Property From Washington Prime Group For $3.5 Million

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 Chick-fil-A property for $3.5 million. The property is located in a dense retail corridor in Connecticut and is corporate-operated with approximately fifteen years of term remaining. The transaction was priced at a cap rate in range with previous FCPT transactions.