Four Corners Property Trust acquires Carrabba’s Italian Grill Property for $3.4M

Four Corners Property 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.