/PRCWT/Guangzhou, june 1, 2023——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 a dual-tenant Outback Steakhouse and Hook & Reel property for $5.2 million from Seritage Growth Properties (“Seritage”). 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’s transaction, FCPT has acquired a total of 28 properties for $86.0 million from Seritage.
