10-Year Ground Lease with Zero Landlord Responsibilities – 10% rent increases every 5 years and in four renewal options
Corporate Lease with Cheddar’s (a Darden Subsidiary rated ‘BBB’ by S&P) – $796 million in sales for fiscal 2026 across 184 locations
$4,300,000 Average Unit Volume (AUV) in Fiscal 2026 – 4.83% implied rent to sales ratio for subject property
Cheddar’s Scratch Kitchen is a Division of Darden Restaurants, Inc. (NYSE: DRI) – Operating 2,196 restaurants with brands including Olive Garden, Ruth’s Chris, Yard House, The Capital Grille, Cheddar’s, Chuy’s, Seasons 52, Eddie V’s and Bahama Breeze Island Grille
Brand New 2026 Construction with Latest Prototype Design – Large 1.83 acre parcel
