Skip to main content

Restaurant

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

6935 Houston Rd, Florence, KY 41042

Listing Price: $5,972,039

Cap Rate
5.85%
Tenant Name
Cheddar’s Franchise Acquisition LLC
Years Remaining On Lease
12.6
Guarantor
Corporate Guarantee
Rentable SF
8,339
Lease Type
Absolute Net
Rent Per Square Feet
$41.90

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
  • Exceptional Retail Location in Cincinnati MSA - Next to Walmart
  • Restaurant Sales Available

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KY: 242197

    Kentucky

Restaurant

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

Listing Price: $5,972,039

Cap Rate
5.85%
Tenant Name
Cheddar’s Franchise Acquisition LLC
Years Remaining On Lease
12.6
Guarantor
Corporate Guarantee
Rentable SF
8,339
Lease Type
Absolute Net
Rent Per Square Feet
$41.90

Investment Highlights

  • Corporate Guarantee from Darden Restaurants, Inc.
  • 13-Year Absolute NNN Lease – No landlord maintenance responsibilities
  • Annual Rent Increases During Primary Term & Options
  • Exceptional Retail Location in Cincinnati MSA - Next to Walmart
  • 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 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

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KY: 242197

    Kentucky

MM Texture Background
MM Textured Background Lower