Market Overview

FCPT Announces Acquisition of an Arby's Restaurant Property for $1.6 million

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Four Corners Property Trust (NYSE:FCPT), a real estate investment trust
engaged in the ownership of high-quality, net-leased restaurant
properties ("FCPT" or the "Company"), is pleased to announce the
acquisition of a corporate-operated Arby's restaurant property for $1.6
million. The property is located in Michigan and is occupied under a
triple-net lease guaranteed by Arby's corporate entity with
approximately 6 years of term remaining. The transaction was priced at a
7.0% going-in cash cap rate, exclusive of transaction costs.

About FCPT

FCPT, headquartered in Mill Valley, CA, is a real estate investment
trust primarily engaged in the acquisition and leasing of restaurant
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 related food services industry. Additional information
about FCPT can be found on the website at http://www.fcpt.com/.

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