Restaurant
Cheddar’s Scratch Kitchen (Darden Restaurants, Inc. Corporate Guarantee)
2150 US-127, Danville, KY 40422
Listing Price: $5,347,491
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).
Cheddar’s Scratch Kitchen (Darden Restaurants, Inc. Corporate Guarantee)
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
Financing By
Restaurant
Cheddar’s Scratch Kitchen (Darden Restaurants, Inc. Corporate Guarantee)
Listing Price: $5,347,491
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
Financing By
