Four Corners Property Trust acquired two restaurants from regional mall real estate investment trust Washington Prime Group Inc. in separate transactions for a combined purchase price of $4.4 million.
The company bought an Outback Steakhouse restaurant in Ohio for $2 million and a Buffalo Wild Wings restaurant in Virginia for $2.4 million.
The Ohio and Virginia properties are leased to their respective corporate operators under a triple-net lease with about nine and seven years of term remaining, respectively.
