Four Corners Property Trust Expands Portfolio with $2.5M LongHorn Steakhouse Acquisition

Four Corners Property Trust (FCPT) acquires LongHorn Steakhouse property for $2.5 million in Michigan, showcasing expansion efforts and future revenue growth potential.

FCPT, a REIT specializing in net-leased restaurant properties, recently purchased four Cheddar’s Scratch Kitchen properties for $14.7 million, aligning with their portfolio strategy. Potential headwinds in an elevated interest-rate environment may impact expansion plans.

Consider stocks like SBA Communications (SBAC) and Omega Healthcare Investors (OHI) with Zacks Rank #2 (Buy). SBAC’s 2025 FFO per share estimate rose to $12.74, while OHI’s rose to $3.03, reflecting positive growth prospects in the REIT sector.

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Read more at Nasdaq: Four Corners Acquires LongHorn Steakhouse Property for $2.5M