Four Corners Property Trust Acquires Idaho Buffalo Wild Wings Property For $2.9M

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 Buffalo Wild Wings property for $2.9 million. The property is located in a strong retail corridor in Idaho and corporate-operated under a long-term, triple net lease with approximately seven years of term remaining. The transaction was priced at a 7.0% cap rate on rent as of the closing date and exclusive of transaction costs.