FCPT Extends All 66 Olive Garden, LongHorn Leases Expiring in 2027 by About Five Years
Bitget2026/10/14 21:14- Four Corners Property Trust extended all 66 Olive Garden and LongHorn leases expiring in October 2027 with Darden Restaurants.
- The renewals cover 100% of the two brands' leases with renewal notice dates in 2026.
- The agreement also extends six leases expiring in October 2028; all extensions run approximately five years.
- Rents will continue to increase 1.5% annually under the existing leases.
- The agreement includes no landlord rent concessions or capital contributions.
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