Four Corners Property Trust to dispose of a Red Lobster property for $3.8M

Four Corners Property announced the disposition of a Red Lobster property for $3.8 million. The property is located in Kentucky and is corporate-operated under a triple net lease. The transaction was priced at cap rate in range with previous FCPT dispositions. The Company plans to repurpose the proceeds into new investment opportunities consistent with FCPT thresholds.