Four Corners Acquires an Olive Garden Property for $4.1M

Key Takeaways FCPT acquired a corporate-operated Olive Garden property for $4.1M in North Carolina. The property under a long-term triple net lease is located in a strong retail corridor. The cap rate for this transaction is in range with previous FCPT transactions.Four Corners Property Trust (FCPT) recently announced the acquisition of an Olive Garden property for $4.1 million. This acquisition highlights the company’s expansionary and diversification efforts, which will aid future revenue growth.The pro ...