MILL VALLEY–(BUSINESS WIRE)–Four Corners Property Trust (FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties announced the acquisition of a corporate-operated BJ’s Restaurant and Brewhouse property for $4.2 million.

The property is located in Arkansas and is occupied under a triple-net lease by BJ’s Restaurants, Inc. with approximately 14 years of term. The transaction was priced at a 6.5% going-in cash cap rate, exclusive of transaction costs.