---
schema_version: "secwatch.filing_event.v1"
accession: "0001650132-23-000099"
form_type: "8-K"
ticker: "FCPT"
cik: "0001650132"
company_name: "Four Corners Property Trust, Inc."
filed_at: "2023-07-06T23:59:59+00:00"
generated_at: "2026-06-13T11:57:36.453235+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FCPT closes $79.5M acquisition of 13 Darden restaurant properties; YTD volume $269.1M

## Summary
- Closed purchase of 12 Cheddar's Scratch Kitchen and 1 Olive Garden property for $79.5M, initial annual rent ~$5.0M.
- May acquire one more Cheddar's property for total 14 properties at $85.0M and ~$5.35M rent.
- Year-to-date acquisition volume totals $269.1M across 71 properties at weighted avg cap rate 6.7%.
- Portfolio annualized in-place rents now ~$212.6M.
- Management cites buyer-friendly market; leverage remains within target range.

## SEC filing metadata
- accession: 0001650132-23-000099
- form_type: 8-K
- ticker: FCPT
- cik: 0001650132
- company_name: Four Corners Property Trust, Inc.
- filed_at: 2023-07-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1650132/000165013223000099/0001650132-23-000099-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1650132/000165013223000099/fcpt-20230706.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001650132-23-000099
- JSON: https://secwatch.observer/filing/0001650132-23-000099.json
- Plain text: https://secwatch.observer/filing/0001650132-23-000099.txt

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