
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 (&#34;FCPT&#34; or the &#34;Company&#34;), is

<p xmlns="http://www.w3.org/1999/xhtml">
Four Corners Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/FCPT">FCPT</a>), 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 BluePearl Pet Hospital property for $3.8 million. The property is located in a strong retail corridor in Colorado and is corporate-operated under a net lease with approximately five years of term remaining. The transaction was priced at a 7.0% cap rate as of the closing date and exclusive of transaction costs.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About FCPT</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
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 <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.fcpt.com&amp;esheet=54460987&amp;newsitemid=20260323110997&amp;lan=en-US&amp;anchor=www.fcpt.com&amp;index=1&amp;md5=eadd7ac6cfe950b5fa039d6be55e7ad1" shape="rect">www.fcpt.com</a>.

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<b xmlns="http://www.w3.org/1999/xhtml">Category: Acquisition</b>

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260323110997r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260323110997/en/" rel="nofollow">https://www.businesswire.com/news/home/20260323110997/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Four Corners Property Trust:
<br xmlns="http://www.w3.org/1999/xhtml"></br>Bill Lenehan, 415-965-8031
<br xmlns="http://www.w3.org/1999/xhtml"></br>CEO

</p><p xmlns="http://www.w3.org/1999/xhtml">
Patrick Wernig, 415-965-8038
<br xmlns="http://www.w3.org/1999/xhtml"></br>CFO

</p>

FCPT

FCPT Announces Acquisition of a BluePearl Pet Hospital Property for $3.8 Million

FCPT Acquires BluePearl Property, Enhances Portfolio Growth

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>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 (&amp;#34;FCPT&amp;#34; or the &amp;#34;Company&amp;#34;), is</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Four Corners Property Trust has acquired a BluePearl Pet Hospital property for $3.8 million, boasting a 7.0% cap rate. This strategic acquisition in a solid retail location reinforces FCPT&#039;s portfolio expansion plans and could positively influence future revenue growth.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>FCPT acquired BluePearl Pet Hospital for $3.8 million.</li><li>The property has a 7.0% cap rate.</li><li>Located in a strong retail corridor in Colorado.</li><li>The lease has approximately five years remaining.</li><li>This acquisition aligns with FCPT&#039;s growth strategy.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>BluePearl Pet Hospital (N/A)</strong>: Location and quality enhance FCPT’s portfolio performance.</li></ul>
  </section>

  <section data-block="category">
    <h3>Acquisition</h3>
    <p>This news falls under acquisition, highlighting strategic expansion efforts by FCPT. Such acquisitions can lead to enhanced revenue capacity and potentially improved stock performance as investors favor growth-oriented strategies.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Acquisition of BluePearl could increase FCPT&#039;s rental income.</li><li>A 7.0% cap rate indicates strong potential returns on investment.</li><li>The property’s location in a retail corridor enhances appeal.</li><li>FCPT&#039;s growth strategy may attract investor interest.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>FCPT purchased the property for $3.8 million.</li><li>The acquisition is at a 7.0% cap rate.</li><li>Five years remain on the lease agreement.</li><li>The property is located in Colorado&#039;s robust retail sector.</li><li>FCPT focuses on net-leased restaurant and retail properties.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>FCPT is likely to see stock appreciation from strategic acquisitions in the near term.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
Four Corners Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/FCPT">FCPT</a>), 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 BluePearl Pet Hospital property for $3.8 million. The property is located in a strong retail corridor in Colorado and is corporate-operated under a net lease with approximately five years of term remaining. The transaction was priced at a 7.0% cap rate as of the closing date and exclusive of transaction costs.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About FCPT</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
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 <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.fcpt.com&amp;esheet=54460987&amp;newsitemid=20260323110997&amp;lan=en-US&amp;anchor=www.fcpt.com&amp;index=1&amp;md5=eadd7ac6cfe950b5fa039d6be55e7ad1" shape="rect">www.fcpt.com</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Category: Acquisition</b>

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260323110997r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260323110997/en/" rel="nofollow">https://www.businesswire.com/news/home/20260323110997/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Four Corners Property Trust:
<br xmlns="http://www.w3.org/1999/xhtml"></br>Bill Lenehan, 415-965-8031
<br xmlns="http://www.w3.org/1999/xhtml"></br>CEO

</p><p xmlns="http://www.w3.org/1999/xhtml">
Patrick Wernig, 415-965-8038
<br xmlns="http://www.w3.org/1999/xhtml"></br>CFO

</p>

Four Corners Property Trust has acquired a BluePearl Pet Hospital property for $3.8 million, boasting a 7.0% cap rate. This strategic acquisition in a solid retail location reinforces FCPT's portfolio expansion plans and could positively influence future revenue growth.

FCPT Announces Acquisition of a BluePearl Pet Hospital Property for $3.8 Million

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Others

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