Olive Garden (Darden Restaurants, Inc. Corporate Guarantee): Lexington, KY
- Corporate Guarantee from Darden Restaurants, Inc.
- 15-Year Absolute NNN Lease – No landlord maintenance responsibilities
- Annual Rent Increases During Primary Term & Options
- Affluent Location with Excellent Real Estate Fundamentals
- Restaurant Sales Available
The subject property is a freestanding single tenant Olive Garden casual dining restaurant. Olive Garden is the leading restaurant in the Italian dining segment with more than 875 restaurants, more than 96,000 employees and more than $4.5 billion in annual sales. Olive Garden is owned by Darden Restaurants, Inc. There are approximately 15-years remaining on the original 17-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).
KY Broker of Record: Colby Haugness
License: 242197
Listed By:
John A Glass (CA DRE License: 00980723)
Executive Managing Director, Investments
Jason Hernandez (CA DRE License: 01392646)
Senior Vice President, Investments