FCPT Announces Disposition of an Outback Steakhouse Restaurant Property for $5.1 million

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 disposition of an Outback Steakhouse restaurant property for $5.1 million. The property is located in New Mexico and is operated by Out West Restaurant Group, Inc., a franchisee of Outback Steakhouse. The transaction was pr