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Four Corners buys Watertown, NY, properties

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Four Corners buys Watertown, NY, properties

Four Corners Property Trust paid $3.3 million for a LongHorn Steakhouse property and an Olive Garden property in Watertown, N.Y.

The restaurant real estate investment trust said the properties are outparcels to Salmon Run, a shopping, dining and entertainment center owned by the seller, Pyramid Management Group. The properties are occupied under triple-net leases with a remaining weighted average term of four years.