{"id":761098,"date":"2023-05-31T19:31:06","date_gmt":"2023-05-31T23:31:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/fcpt-announces-acquisition-of-a-dual-tenant-outback-steakhouse-and-hook-reel-property-from-seritage-for-5-2-million\/"},"modified":"2023-05-31T19:31:06","modified_gmt":"2023-05-31T23:31:06","slug":"fcpt-announces-acquisition-of-a-dual-tenant-outback-steakhouse-and-hook-reel-property-from-seritage-for-5-2-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/fcpt-announces-acquisition-of-a-dual-tenant-outback-steakhouse-and-hook-reel-property-from-seritage-for-5-2-million\/","title":{"rendered":"FCPT Announces Acquisition of a Dual-Tenant Outback Steakhouse and Hook & Reel Property from Seritage for $5.2 Million"},"content":{"rendered":"

<\/p>\n

FCPT Announces Acquisition of a Dual-Tenant Outback Steakhouse and Hook & Reel Property from Seritage for $5.2 Million<\/b><\/p>\n

MILL VALLEY, Calif.–(BUSINESS WIRE<\/a>)–
\nFour 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 (\u201cFCPT\u201d or the \u201cCompany\u201d), is pleased to announce the acquisition of a dual-tenant Outback Steakhouse and Hook & Reel property for $5.2 million from Seritage Growth Properties (\u201cSeritage\u201d). The property is located in a strong retail corridor in Ohio and is under net leases. The transaction was priced at a cap rate in range with previous FCPT transactions.<\/p>\n

\nInclusive of today\u2019s transaction, FCPT has acquired a total of 28 properties for $86.0 million from Seritage.<\/p>\n

About FCPT<\/b><\/p>\n

\nFCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail 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 retail industries. Additional information about FCPT can be found on the website at www.fcpt.com<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230531005937\/en\/<\/a><\/span><\/p>\n

\nFour Corners Property Trust:
\n
Bill Lenehan, 415-965-8031
\n
CEO<\/p>\n

\nGerry Morgan, 415-965-8032
\n
CFO<\/p>\n

KEYWORDS:<\/b> United States North America California Ohio<\/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 a Dual-Tenant Outback Steakhouse and Hook & Reel Property from Seritage for $5.2 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 (\u201cFCPT\u201d or the \u201cCompany\u201d), is pleased to announce the acquisition of a dual-tenant Outback Steakhouse and Hook & Reel property for $5.2 million from Seritage Growth Properties (\u201cSeritage\u201d). The property is located in a strong retail corridor in Ohio and is under net leases. The transaction was priced at a cap rate in range with previous FCPT transactions. Inclusive of today\u2019s transaction, FCPT has acquired a total of 28 properties for $86.0 million from … <\/p>\n

Continue reading “FCPT Announces Acquisition of a Dual-Tenant Outback Steakhouse and Hook & Reel Property from Seritage for $5.2 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-761098","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nFCPT Announces Acquisition of a Dual-Tenant Outback Steakhouse and Hook & Reel Property from Seritage for $5.2 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-a-dual-tenant-outback-steakhouse-and-hook-reel-property-from-seritage-for-5-2-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 a Dual-Tenant Outback Steakhouse and Hook & Reel Property from Seritage for $5.2 Million - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"FCPT Announces Acquisition of a Dual-Tenant Outback Steakhouse and Hook & Reel Property from Seritage for $5.2 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 (\u201cFCPT\u201d or the \u201cCompany\u201d), is pleased to announce the acquisition of a dual-tenant Outback Steakhouse and Hook & Reel property for $5.2 million from Seritage Growth Properties (\u201cSeritage\u201d). 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