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FCPT Announces Acquisition of a LongHorn Steakhouse Property for $2.5 Million

1. FCPT acquires LongHorn Steakhouse property for $2.5 million in Michigan. 2. The property has a long-term, triple net lease, enhancing revenue stability.

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FAQ

Why Bullish?

The acquisition strengthens FCPT's portfolio with a stable, long-term lease. Historical acquisitions of similar properties have led to positive stock performance.

How important is it?

The acquisition represents a strategic growth move, directly impacting revenue and investor confidence in FCPT.

Why Long Term?

Long-term leases ensure steady cash flow, improving FCPT's financial outlook. Previous acquisitions have consistently contributed to growth over several years.

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MILL VALLEY, Calif.--(BUSINESS WIRE)--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 $2.5 million. The property is located in a highly trafficked corridor in Michigan and is corporate-operated under a long term, triple net lease with approximately seven year.

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