05:45 PM EDT, 03/19/2026 (MT Newswires) -- Four Corners Property Trust ( FCPT ) said late Thursday it has acquired a Panera Bread property for $3.8 million.

The property is located in a high traffic area in Kentucky and is corporate-operated under a triple net lease with about six years remaining, the company said.

The transaction was priced at a 6.7% cap rate on rent as of the closing date, excluding transaction costs, the company added.