Four Corners Acquires an Olive Garden Property for $4.1M

Group 1 - Four Corners Property Trust (FCPT) announced the acquisition of an Olive Garden property for $4.1 million, emphasizing the company's expansion and diversification efforts to support future revenue growth [1][7] - The Olive Garden property is situated in a strong retail corridor in North Carolina and is under a long-term triple net lease, being corporate-operated [1][7] - The acquisition was priced at a cap rate consistent with previous FCPT transactions, indicating a stable investment strategy [1][7] Group 2 - FCPT has a history of acquiring high-quality, net-leased restaurant and retail properties, demonstrating a robust acquisition track record [2] - Recent acquisitions include Tires Plus for $1.7 million, an automotive service property for $5.8 million, and Christian Brothers Automotive for $4.3 million, aligning with the company's strategy to build a resilient portfolio [3][4] - The company's stock performance over the past six months shows a 5.1% gain, compared to a 7.2% increase in the industry, reflecting a competitive market position [4]