Four ners Property Trust-Four Corners Acquires LongHorn Steakhouse Property for $2.5M

Key Takeaways FCPT acquired the LongHorn Steakhouse property in Michigan for $2.5 million to expand its portfolio The property was bought at a 6.5% cap rate and is corporate-operated under a long-term triple-net lease. This move supports FCPT's diversification strategy and aims to drive future revenue growth.Four Corners Property Trust (FCPT) recently announced the acquisition of LongHorn Steakhouse property for$ 2.5 million. This acquisition highlights the company’s expansionary and diversification effor ...