Four Corners Property Trust, Inc. (NYSE:FCPT) acquired Outback Steakhouse restaurant in New Mexico for $3.9 million on January 23, 2019. Four Corners Property Trust, Inc. has acquired the Outback Steakhouse through a sale-leaseback transaction and will operate under a new triple-net lease with Cerca Trova. The lease of the property has 20 years of initial term and rent increases of 10% every five years during the initial term. Four Corners Property Trust, Inc. (NYSE:FCPT) completed the acquisition of Outback Steakhouse restaurant in New Mexico on January 23, 2019.