FCPT swaps Michigan Bahama Breeze site for Nevada Olive Garden property in Darden exchange

Four Corners Property Trust, Inc.
Darden Restaurants, Inc.

Four Corners Property Trust, Inc.

FCPT

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Darden Restaurants, Inc.

DRI

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  • FCPT completed a cashless single-property asset exchange with Darden Restaurants.
  • Transferred a recently closed Bahama Breeze site in Michigan to Darden.
  • Received an Olive Garden property in Nevada, then signed a new Darden lease on the same rent and terms.
  • Nevada asset sits in a strong retail corridor, corporate-operated under a triple-net lease.


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