{"id":791174,"date":"2024-11-27T16:08:37","date_gmt":"2024-11-27T21:08:37","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/fcpt-announces-acquisition-of-five-outback-steakhouse-properties-for-19-7-million-from-a-repeat-seller\/"},"modified":"2024-11-27T16:08:37","modified_gmt":"2024-11-27T21:08:37","slug":"fcpt-announces-acquisition-of-five-outback-steakhouse-properties-for-19-7-million-from-a-repeat-seller","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/fcpt-announces-acquisition-of-five-outback-steakhouse-properties-for-19-7-million-from-a-repeat-seller\/","title":{"rendered":"FCPT Announces Acquisition of Five Outback Steakhouse Properties for $19.7 Million from a Repeat Seller"},"content":{"rendered":"

<\/p>\n

FCPT Announces Acquisition of Five Outback Steakhouse Properties for $19.7 Million from a Repeat Seller<\/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 five Outback Steakhouse properties for $19.7 million from the same Seller as that of the Bloomin\u2019 Brands 19-property portfolio the Company closed in August 2024. The properties are located in strong retail corridors across Texas (3), Florida (1), and Missouri (1) and are corporate operated under long-term net leases. The transaction was priced at a cap rate in range with previous FCPT transactions.<\/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

Category: Acquisition<\/b><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20241127765448\/en\/<\/a><\/span><\/p>\n

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

Patrick Wernig, 415-965-8038
\n
CFO<\/p>\n

KEYWORDS:<\/b> United States North America California<\/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 Five Outback Steakhouse Properties for $19.7 Million from a Repeat Seller 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 five Outback Steakhouse properties for $19.7 million from the same Seller as that of the Bloomin\u2019 Brands 19-property portfolio the Company closed in August 2024. The properties are located in strong retail corridors across Texas (3), Florida (1), and Missouri (1) and are corporate operated under long-term net leases. The transaction was priced at a cap rate in range with previous FCPT transactions. About FCPT FCPT, … <\/p>\n

Continue reading “FCPT Announces Acquisition of Five Outback Steakhouse Properties for $19.7 Million from a Repeat Seller”<\/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-791174","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nFCPT Announces Acquisition of Five Outback Steakhouse Properties for $19.7 Million from a Repeat Seller - 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-five-outback-steakhouse-properties-for-19-7-million-from-a-repeat-seller\/\" \/>\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 Five Outback Steakhouse Properties for $19.7 Million from a Repeat Seller - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"FCPT Announces Acquisition of Five Outback Steakhouse Properties for $19.7 Million from a Repeat Seller 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 five Outback Steakhouse properties for $19.7 million from the same Seller as that of the Bloomin\u2019 Brands 19-property portfolio the Company closed in August 2024. The properties are located in strong retail corridors across Texas (3), Florida (1), and Missouri (1) and are corporate operated under long-term net leases. The transaction was priced at a cap rate in range with previous FCPT transactions. 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