FCPT acquires LongHorn Steakhouse property for $2.4 million
Four Corners Property Trust (FCPT) announced it has acquired a LongHorn Steakhouse property for $2.4 million under a triple-net lease in Ohio.
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 FCPT transactions. About FCPT FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties.
The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. com CONTACT: Four Corners Property Trust Bill Lenehan, 415-965-8031 CEO Patrick Wernig, 415-965-8038 CFO (END) Dow Jones Newswires October 07, 2026 16:46 ET (20:46 GMT) The statements in this document shall not be considered as an objective or independent explanation of the matters.
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