Business
FCPT Announces Acquisition of a First Watch Property for $2.8 Million
MILL VALLEY, Calif., March 17, 2026--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 First Watch property for $2.8 million. First Watch is a daytime dining restaurant chain serving breakfast, brunch, and lunch, with over 600 locations across 32 states. The property is located in a strong reta
About this update from Four Corners Property Trust, Inc.
[{"type":"text","content":"MILL VALLEY, Calif., March 17, 2026--(BUSINESS WIRE)--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 First Watch property for $2.8 million. First Watch is a daytime dining restaurant chain serving breakfast, brunch, and lunch, with over 600 locations across 32 states. The property is located in a strong retail corridor in Wisconsin and is corporate-operated under a long-term triple net lease. The transaction was priced at a cap rate in range with previous FCPT transactions.","length":706,"tagName":"p"},{"type":"text","content":"About FCPT","length":10,"tagName":"p"},{"type":"text","content":"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.","length":400,"tagName":"p"},{"type":"text","content":"Category: Acquisition","length":21,"tagName":"p"},{"type":"text","content":"View source version on businesswire.com: https://www.businesswire.com/news/home/20260317504317/en/","length":98,"tagName":"p"},{"type":"text","content":"Contacts","length":8,"tagName":"p"},{"type":"text","content":"Four Corners Property Trust:Bill Lenehan, 415-965-8031CEOPatrick Wernig, 415-965-8038CFO","length":93,"tagName":"p"}]