MILL VALLEY, Calif., March 12 — Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Carrabba’s Italian Grill property for $3.4 million. The property is located in a strong retail corridor in Florida and is corporate-operated under a triple net lease with approximately six years of term remaining. The transaction was priced at a 6.6% cap rate on rent as of the closing date and exclusive of transaction costs.
