FCPT Announces Acquisition of a LongHorn Steakhouse Property for $2.4 Million
Business Wire•07/10/2026•16:46 ET
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Key Highlights
- ➤FCPT acquires a LongHorn Steakhouse property for $2.4 million
- ➤Ohio property is corporate-operated under a triple net lease
- ➤Transaction cap rate aligns with previous FCPT transactions
Expert Statements
Bill Lenehan, CEO of Four Corners Property Trust
“CEO”
FCPT Announces Acquisition of a LongHorn Steakhouse Property for $2.4 Million
Four Corners Property Trust (NYSE:FCPT), 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 FCPT transactions.
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