---
schema_version: "secwatch.filing_event.v1"
accession: "0001650132-23-000075"
form_type: "8-K"
ticker: "FCPT"
cik: "0001650132"
company_name: "Four Corners Property Trust, Inc."
filed_at: "2023-05-24T23:59:59+00:00"
generated_at: "2026-06-14T16:02:10.932899+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# FCPT agrees to acquire up to 14 Darden restaurant properties for $85M

## Summary
- Purchase price up to $85.0M; initial cash rent of ~$5.35M.
- Properties: 13 Cheddar's Scratch Kitchen and 1 Olive Garden, triple net leased with Darden corporate guaranty.
- Annual rent increases of 1.5%; portfolio weighted average lease term of 13 years.
- Expected close in Q3 2023, subject to due diligence and customary conditions.
- Properties located in TN (7), IN (3), KY (3), and OH (1); high-traffic retail corridors.

## SEC filing metadata
- accession: 0001650132-23-000075
- form_type: 8-K
- ticker: FCPT
- cik: 0001650132
- company_name: Four Corners Property Trust, Inc.
- filed_at: 2023-05-24T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1650132/000165013223000075/0001650132-23-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1650132/000165013223000075/fcpt-20230524.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001650132-23-000075
- JSON: https://secwatch.observer/filing/0001650132-23-000075.json
- Plain text: https://secwatch.observer/filing/0001650132-23-000075.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.