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Restaurant

Cheddar’s Scratch Kitchen (Darden Restaurants, Inc. Corporate Guarantee)

5341 Cornerstone N Blvd, Centerville, OH 45440

Listing Price: $5,854,548

Cap Rate
5.85%
Tenant Name
Cheddar’s Franchise Acquisition LLC
Years Remaining On Lease
12.6
Guarantor
Corporate Guarantee
Rentable SF
8,813
Lease Type
Absolute Net
Rent Per Square Feet
$3,886.20

Investment Overview

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. There are approximately 13-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).

Investment Highlights

  • Corporate Guarantee from Darden Restaurants, Inc.
  • 13-Year Absolute NNN Lease – No landlord maintenance responsibilities
  • Annual Rent Increases During Primary Term & Options
  • Restaurant Sales Available
  • Destination Retail Location Next to Costco & Kroger

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Restaurant

Cheddar’s Scratch Kitchen (Darden Restaurants, Inc. Corporate Guarantee)

Listing Price: $5,854,548

Cap Rate
5.85%
Tenant Name
Cheddar’s Franchise Acquisition LLC
Years Remaining On Lease
12.6
Guarantor
Corporate Guarantee
Rentable SF
8,813
Lease Type
Absolute Net
Rent Per Square Feet
$3,886.20

Investment Highlights

  • Corporate Guarantee from Darden Restaurants, Inc.
  • 13-Year Absolute NNN Lease – No landlord maintenance responsibilities
  • Annual Rent Increases During Primary Term & Options
  • Restaurant Sales Available
  • Destination Retail Location Next to Costco & Kroger

Investment Overview

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. There are approximately 13-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).

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

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