FCPT acquires Ohio LongHorn Steakhouse property for $2.4 million
FCPT•Four Corners Property Trust acquired a corporate-operated LongHorn Steakhouse property in Ohio for $2.4 million. The property is leased on a triple-net basis, and pricing implied a cap rate in line with FCPT’s recent transactions.
1. Ohio property acquisition
Four Corners Property Trust acquired a corporate-operated LongHorn Steakhouse property in Ohio for $2.4 million. The property sits in a high-traffic corridor and is leased on a triple-net basis. Pricing implied a cap rate in line with FCPT’s recent transactions.
