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FCPT acquires Texas Roadhouse property

  • Four Corners Property Trust (NYSE:FCPT) acquired Texas Roadhouse property for $4.3M with transaction priced at a 6.4% going-in cash capitalization rate.
  • The lease has ~5 years of term remaining while the property is occupied under a triple-net lease with the corporate operator.

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FCPT--
Four Corners Property Trust, Inc.