Market News / Story
FCPT Announces Acquisition of a LongHorn Steakhouse Property for $2.4 Million
BusinessWire ·
BusinessWire reports: Four Corners Property Trust ( ), 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 LongHorn Steakhouse property for $2.4 million. The property is located in a highly trafficked corridor in Ohio and is corporate-operated under a triple net lease. The transaction was priced at a cap rate in range with previous…