Fcpt Announces Acquisition Of A Circle K Property For $3.2 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 Circle K property for $3.2 million. The property is located in a dense corridor in Illinois and is corporate-operated with approximately three years of term remaining. The transaction was priced at a 7.2% capitalization rate on current rent and exclusive of transaction costs.