US-based investment firm Four Corners Property Trust (FCPT) has acquired a restaurant property of Orlando-based seafood restaurant company, Red Lobster, in Pennsylvania.

The restaurant, which has been purchased for $1.8m, is occupied under a triple-net lease with approximately nine years of term remaining.

Headquartered in Orlando, Florida, the chain currently operates more than 700 restaurants across the US and Canada and offers a range of seafood options.

Based in California, FCPT is a real estate investment trust that acquires and leases restaurant properties.

Meanwhile, Red Lobster has launched a limited-time Lobster & Shrimp Summerfest event, offering four seasonally-inspired lobster and shrimp combinations for guests.

The Lobster & Shrimp Summerfest lineup includes cedar-plank seafood bake, Caribbean lobster and shrimp, lobster and shrimp overboard, and langostino lobster and shrimp zoodle pasta.

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Cedar-plank seafood bake is a blend of jumbo shrimp, petite Maine lobster tails, garlic, Red Lobster’s signature Chesapeake seasoning. It is served with fresh corn and potato wedges.

Caribbean lobster and shrimp is made using grilled rock lobster tail, a coconut beurre blanc, pineapple relish and Parrot Isle jumbo coconut shrimp. It is served with rice and a choice of side.

Lobster and shrimp overboard contains grilled Maine lobster tail, garlic-grilled jumbo shrimp skewer, langostino lobster and shrimp zoodle pasta and hand-battered jumbo shrimp, with rice and a side.

Langostino lobster and shrimp zoodle pasta is a combination of langostino lobster and shrimp, lemon and roasted-garlic sauce, linguini, spiralised zucchini, fresh tomatoes and basil.

Red Lobster culinary executive chef and director Dustin Hilinski said: “This menu embraces everything there is to love about summer. We’ve paired fresh, vibrant flavours – like coconut, pineapple and lemon – with perfectly prepared lobster and shrimp to give our guests the ultimate summertime seafood dining experience.”