FCPT Acquires Florida Carrabba's Property for $3.4 Million

Reuters03-12

Four Corners Property Trust has acquired a Carrabba’s Italian Grill property in Florida for $3.4 million. The corporate-operated site is under a triple-net lease with about six years remaining, and the deal was priced at a 6.6% cap rate on rent at closing, excluding transaction costs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FCPT - Four Corners Property Trust Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202603111900BIZWIRE_USPR_____20260311_BW892785) on March 11, 2026, and is solely responsible for the information contained therein.

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