Four Corners Property Trust Acquires A Crash Champions Property For $2.6M

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 Crash Champions property for $2.6 million. The property is located in a strong retail corridor in Ohio and is corporate-operated under a long term, net lease with approximately nine years of term remaining. The transaction was priced at a 7.2% cap rate including rent credits received at closing and exclusive of transaction costs.