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FCPT Announces Acquisition of a Panera Bread Property for $3.8 Million

MILL VALLEY, Calif.--(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.