Restaurant
Cheddar’s Scratch Kitchen (Darden Restaurants, Inc. Corporate Guarantee)
5341 Cornerstone N Blvd, Centerville, OH 45440
Listing Price: $5,854,548
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).
Cheddar’s Scratch Kitchen (Darden Restaurants, Inc. Corporate Guarantee)
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
Restaurant
Cheddar’s Scratch Kitchen (Darden Restaurants, Inc. Corporate Guarantee)
Listing Price: $5,854,548
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
