FCPT Announces Acquisition of an Outback Steakhouse Property for $2.4 Million

Core Viewpoint - Four Corners Property Trust (FCPT) has successfully acquired an Outback Steakhouse property for $2.4 million, indicating a strategic move to enhance its portfolio of high-quality, net-leased restaurant and retail properties [1] Acquisition Details - The acquired property is located in a highly trafficked corridor in Missouri, which is expected to provide strong foot traffic and visibility [1] - The property is corporate-operated under a triple net lease, ensuring stable income for the company [1] - The lease has approximately eight years remaining, providing a long-term revenue stream for FCPT [1]