Business
FCPT Announces Acquisition of a Panera Bread Property for $3.8 Million
MILL VALLEY, Calif., March 19, 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 Panera Bread property for $3.8 million. The property is located in a highly trafficked corridor in Kentucky and is corporate-operated under a triple net lease with approximately six years of term remaining. T
About this update from Four Corners Property Trust, Inc.
[{"type":"text","content":"MILL VALLEY, Calif., March 19, 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 Panera Bread property for $3.8 million. The property is located in a highly trafficked corridor in Kentucky and is corporate-operated under a triple net lease with approximately six years of term remaining. The transaction was priced at a 6.7% cap rate on rent as of the closing date and exclusive of transaction costs.","length":648,"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/20260319468998/en/","length":98,"tagName":"p"},{"type":"text","content":"Contacts","length":8,"tagName":"p"},{"type":"text","content":"Four Corners Property Trust:Bill Lenehan, 415-965-8031CEO","length":59,"tagName":"p"},{"type":"text","content":"Patrick Wernig, 415-965-8038CFO","length":32,"tagName":"p"}]