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BRIEF-FCPT announces disposition of Darden-leased restaurant property for $5.9 mln
September 13, 2017 / 8:24 PM / 2 months ago

BRIEF-FCPT announces disposition of Darden-leased restaurant property for $5.9 mln

Sept 13 (Reuters) - Four Corners Property Trust Inc

* FCPT announces disposition of darden-leased restaurant property for $5.9 million

* Four Corners Property Trust Inc - ‍disposition of an Olive Garden restaurant property leased to Darden Restaurants, Inc for $5.9 million​

* Four Corners Property Trust Inc - ‍sale is result of an unsolicited offer at a cash cap rate of 4.75 pct, exclusive of transaction costs​

* Four Corners Property Trust Inc - ‍anticipates redeploying proceeds from transaction through an internal revenue code section 1031 like-kind exchange​ Source text for Eikon: Further company coverage:

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