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FCPT Announces Acquisition of an Outback Steakhouse Property for $1.6 Million

1. FCPT acquires Outback Steakhouse property for $1.6 million. 2. The property has a strong location and a stable lease term.

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$28.2404/17 04:20 PM EDTEvent Start
$28.2404/18 10:36 PM EDTLatest Updated
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FAQ

Why Bullish?

This acquisition reinforces FCPT's strong portfolio and may increase investor confidence, similar to past successful acquisitions that boosted stock performance.

How important is it?

The acquisition aligns with FCPT's strategy and could enhance revenue generation, thus attracting investor interest.

Why Short Term?

Immediate positive stock movement is expected due to acquisition news and its implications for income stability.

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OUTBACKMCDYUMRRGB
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 (“FCPT” or the “Company”), is pleased to announce the acquisition of an Outback Steakhouse property for $1.6 million. The property is located in a strong retail corridor in Oklahoma and is corporate-operated under a triple net lease with approximately four years of term remain.

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