https:\/\/www.businesswire.com\/news\/home\/20201113005692\/en\/<\/a><\/span><\/p>\n\nFour Corners Property Trust:
\n
Bill Lenehan, 415-965-8031
\n
CEO\n<\/p>\n
\nGerry Morgan, 415-965-8032
\n
CFO\n<\/p>\n
KEYWORDS:<\/b> California Florida United States North America<\/p>\n
INDUSTRY KEYWORDS:<\/b> REIT Restaurant\/Bar Retail Commercial Building & Real Estate Construction & Property<\/p>\n
MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"
FCPT Announces Acquisition of an Outback Steakhouse Restaurant from Washington Prime Group for $1.9 Million MILL VALLEY, Calif.–(BUSINESS WIRE)– Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (\u201cFCPT\u201d or the \u201cCompany\u201d), is pleased to announce the acquisition of an Outback Steakhouse restaurant for $1.9 million from a previously announced Washington Prime Group transaction. The property is located in Florida and is under a triple-net lease to the brand\u2019s corporate entity with a lease term of approximately five years remaining. The Washington Prime portfolio was priced at a capitalization rate consistent with FCPT\u2019s investment thresholds and past transactions. Inclusive of today\u2019s acquisition, FCPT has acquired a total of 51 … <\/p>\n
Continue reading “FCPT Announces Acquisition of an Outback Steakhouse Restaurant from Washington Prime Group for $1.9 Million”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-381100","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nFCPT Announces Acquisition of an Outback Steakhouse Restaurant from Washington Prime Group for $1.9 Million - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/fcpt-announces-acquisition-of-an-outback-steakhouse-restaurant-from-washington-prime-group-for-1-9-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FCPT Announces Acquisition of an Outback Steakhouse Restaurant from Washington Prime Group for $1.9 Million - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"FCPT Announces Acquisition of an Outback Steakhouse Restaurant from Washington Prime Group for $1.9 Million MILL VALLEY, Calif.–(BUSINESS WIRE)– Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (\u201cFCPT\u201d or the \u201cCompany\u201d), is pleased to announce the acquisition of an Outback Steakhouse restaurant for $1.9 million from a previously announced Washington Prime Group transaction. The property is located in Florida and is under a triple-net lease to the brand\u2019s corporate entity with a lease term of approximately five years remaining. The Washington Prime portfolio was priced at a capitalization rate consistent with FCPT\u2019s investment thresholds and past transactions. 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