Investment Overview

CORPORATE GUARANTEE: DARDEN RESTAURANTS, INC. The absolute NNN lease is corporately guaranteed by Darden Restaurants, Inc., which carries an “Investment Grade” credit rating of “BBB” from Standard & Poors. The company operates over 1,850 restaurant locations (with 8 different restaurant brands) and employs over 180,000 people. The company reported annual revenues in excess of $9.9 Billion in FY 2022 and currently boasts an estimated net worth in excess of $2.19 Billion. ABSOLUTE NNN LEASE | 12-YEARS REMAINING The subject property is a freestanding single tenant Cheddar’s Scratch Kitchen casual dining restaurant. Cheddar’s Scratch Kitchen is an American restaurant chain owned by Darden Restaurants, Inc. Founded in 1979, the company has more than 172 locations in 28 states. There are approximately 12-years remaining on the original 15-year absolute NNN lease, which offers no landlord management or maintenance obligations whatsoever. The lease offers a rare corporate guarantee from Darden Restaurants, Inc. (NYSE: DRI). ANNUAL RENT INCREASES DURING PRIMARY TERM & OPTIONS The long-term lease offers 1.5% annual rent increases during the primary term and each of the 4, 5-year option periods. PROMINENT CORNER LOCATION WITH FREEWAY VISIBILITY The Cheddar’s Scratch Kitchen is strategically located on a large parcel near the intersection of Interstate 75 (40,174 VPD) and West Hal Rogers Parkway (22,380 VPD). There are an abundance of nationally-recognized retailers, regaional commercial businesses, national hotel chains and much more surrounding the subject property, such as McDonald’s, Taco Bell, Long John Silver’s, Wendy’s, Fairfield Inn & Suites, Hampton Inn, Quality Inn, Craker Barrel Old Country Store, Kroger, Speedway, Camping World, AutoZone & Speedway. London, Kentucky is equidistant from Lexington, Kentucky and Knoxville, Tennessee. The city sits along Interstate 75, which provides direct access to regional markets like Cincinnati, Ohio (150 miles north).