FCPT extends all 66 Olive Garden and LongHorn leases past 2027

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Go back to FCPT extends all 66 Olive Garden and LongHorn leases past 2027

FCPT Announces Extensions for 100% of Olive Garden and LongHorn Leases Maturing in 2027

October 14, 2026 5:14 PM EDT

MILL VALLEY, Calif.--(BUSINESS WIRE)-- Four Corners Property Trust (NYSE: FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (FCPT or the Company), is pleased to announce the execution of a master agreement, extension and exercise (Master Agreement) with Darden Restaurants, Inc. and certain of its affiliates (Darden) (NYSE: DRI) with respect to all 66 Olive Garden and LongHorn leases previously expiring in October 2027. The Master Agreement also includes the early extension options for six leases expiring in October 2028. The... More