Dallas-based restaurant giant Brinker International (NYSE: EAT) is selling nearly 100 restaurant properties in deals worth more than $300 million.
Four Corners Property Trust (NYSE: FCPT), a California-based owner of restaurant real estate, has agreed to buy up to 48 corporately-owned Chili’s Grill & Bar locations for up to $155.7 million.
With the deal, which is expected to close this month, Brinker will sign 15-year leases for each unit sold, and Four Corners will have the option of five-year…
