Offering Memorandum
Highlights
- Absolute NNN Ground Lease with 5+ Years Remaining at a Below Market Rental Rate
- Only One 5-Year Option Remaining, Allowing Investor to Reset Rate to Market at Expiration
- Most Visited Olive Garden in State of Nebraska ($430K Visits, 1st Out of 5) - 93rd Percentile Nationwide
- Corporate Guaranty from GMRI, Inc., a Wholly-Owned Subsidiary of Darden Restaurants (NYSE: DRI / Investment Grade Credit [BBB])
- Low Price Point Full Service Restaurant - 2nd Lowest Price Point Out of 28 Darden Restaurants Currently on the Market (Olive Garden, Longhorn Steakhouse, Cheddar's)
- Price: $2,528,000
- Lot Size: 5.6 AC
- Cap Rate: 5.25%
- Lease Type: NNN Ground Lease
- Year Built: 1970
- Building SF: 9,100
- Status: Sold
- Guarantor: Corporate Guarantee