Four Corners Property Trust Inc. (FCPT), a real estate investment trust specializing in high-quality, net-leased restaurant properties, has announced the acquisition of two new properties. The company has purchased a BJ's Restaurant and Brewhouse and a LongHorn Steakhouse from Brookfield Properties for $4.8 million. Located in a robust retail corridor in Pennsylvania, these properties are corporate-operated under triple net leases with a combined lease term of eight years. The acquisition aligns with FCPT's strategy, being priced at a capitalization rate consistent with its previous transactions.
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