Four Corners Expands Portfolio With Carrabba's Italian Grill Site

Core Insights - Four Corners Property Trust (FCPT) has announced the acquisition of a Carrabba's Italian Grill property for $3.4 million, emphasizing its expansion and diversification strategy [1] - The property is situated in a strong retail corridor in Florida, operating under a triple-net lease with approximately six years remaining, and is priced at a 6.6% cap rate, which is expected to be value accretive for FCPT [2] Acquisition Details - In addition to the Carrabba's property, FCPT acquired an automotive service property in Indiana for $2.1 million and another in Texas for $1.6 million, both located in high-traffic areas [3] - In 2025, FCPT acquired a total of 105 properties for $317.9 million, with a weighted-average remaining lease term of 12.2 years, diversifying its portfolio across various industries [5][9] Strategic Positioning - The acquisitions align with FCPT's strategy to build a resilient portfolio capable of withstanding different economic cycles, contributing to revenue stability [6] - Over the past three months, FCPT's shares have increased by 9.4%, outperforming the industry growth of 3.7% [6]