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Restaurant

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

2150 US-127, Danville, KY 40422

Listing Price: $5,347,491

Cap Rate
5.85%
Tenant Name
Cheddar’s Franchise Acquisition LLC
Years Remaining On Lease
13.6
Guarantor
Corporate Guarantee
Rentable SF
8,951
Lease Type
Absolute Net
Rent Per Square Feet
$34.95

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 14-years remaining on the original 16-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.
  • 14-Year Absolute NNN Lease – No landlord maintenance responsibilities
  • Annual Rent Increases During Primary Term & Options
  • Located on a Walmart Outparcel
  • Restaurant Sales Available

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KY: 242197

    Kentucky

Financing By

Restaurant

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

Listing Price: $5,347,491

Cap Rate
5.85%
Tenant Name
Cheddar’s Franchise Acquisition LLC
Years Remaining On Lease
13.6
Guarantor
Corporate Guarantee
Rentable SF
8,951
Lease Type
Absolute Net
Rent Per Square Feet
$34.95

Investment Highlights

  • Corporate Guarantee from Darden Restaurants, Inc.
  • 14-Year Absolute NNN Lease – No landlord maintenance responsibilities
  • Annual Rent Increases During Primary Term & Options
  • Located on a Walmart Outparcel
  • Restaurant Sales Available

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 14-years remaining on the original 16-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

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KY: 242197

    Kentucky

Financing By

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