Investment Overview

The Tenant, RARE Hospitality International Inc, d/b/a LongHorn Steakhouse, has six years remaining on an absolute ground NNN lease with four, five-year option periods. The lease features 10 percent rental increases every five years and is guaranteed by Darden Restaurants, Inc., the premier and world’s largest full-service dining company. Darden Restaurants is publicly traded on the New York Stock Exchange under the ticker “DRI” and has an investment grade credit rating of “BBB” by Standard & Poor’s and “Baa2” by Moody’s.