Four Corners Property Trust (FCPT) is pleased to announce the acquisition of five Outback Steakhouse properties for $19.7M from the same Seller as that of the Bloomin’ Brands 19-property portfolio the company closed in August 2024. The properties are located in strong retail corridors across Texas, Florida , and Missouri 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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