FCPT Announces Acquisition of a Dual-Tenant DaVita Kidney Care and Nephrology Associates Property for $4.5 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 dual-tenant DaVita Kidney Care and Nephrology Associates property for $4.5 million. The property is located in a strong retail corridor in Florida and is occupied under net leases with a weighted average six years of term remaining. The DaVita Kidney Care lease calls for annual rent increases of 2.5%. The transaction was priced at a 6.75% 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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