Darden (BBB) Guaranteed Absolute NNN Investment

Highlights:

• INVESTMENT-GRADE CREDIT: Darden Restaurants guarantees the lease. Darden operates 2,218 restaurants across ten brands and reported fiscal 2026 sales of $13.2 billion.
• BUILT-IN RENT GROWTH: Rent increases 1.5% every January 1, from $358,628 in 2026 to $410,051 in 2035, and the increases continue through four 5-year options.
• KROGER-ANCHORED LOCATION: Lot 6 of Nashville Road Center, adjacent to Kroger at the signalized corner of Campbell Lane and Nashville Road (US 31W).
• FASTEST-GROWING COUNTY: Warren County added more residents than any Kentucky county from 2020 to 2025 and is projected to grow 47% by 2050, the highest rate in the state.

Description:

SVN | Stone Commercial Real Estate is pleased to present the opportunity to acquire an 8,342 SF Cheddar’s Scratch Kitchen at 701 Campbell Lane in Bowling Green, Kentucky. Built in 2009 on 2.78 acres with 180 parking spaces, the restaurant sits on Lot 6 of Nashville Road Center, adjacent to Kroger at the signalized intersection of Campbell Lane and Nashville Road (US 31W), where combined traffic reaches 55,000 vehicles per day.

The property is leased on an absolute NNN basis to Cheddar’s Franchise Acquisition LLC and guaranteed by Darden Restaurants, Inc. (NYSE: DRI; Baa2 / BBB / BBB), with no landlord responsibilities. The lease runs through December 31, 2035, about 9.2 years of remaining term, with 1.5% annual rent increases and four 5-year renewal options. Current rent of $358,628 represents a 5.70% cap rate at the asking price.

Please contact Weston Lockhart / 859.317.3538 / weston.lockhart@svn.com or Nathan Dilly / 859.420.5492 / nathan.dilly@svn.com for more information.

Bowling Green, Kentucky, offers the opportunity of a growing regional economy with the warmth of a close-knit community. With about 78,500 residents in the city and roughly 149,000 across Warren County, it is one of Kentucky's fastest-growing and most dynamic markets. Located along Interstate 65 between Nashville and Louisville, Bowling Green has a diverse economy anchored by advanced manufacturing, automotive production, healthcare, education, and logistics. It is also the regional hub for south central Kentucky, drawing residents of surrounding counties who come for shopping, dining, specialized medical care, and entertainment. Home to the Corvette assembly plant and Western Kentucky University, the community pairs a skilled workforce with a steady pipeline of new talent. A business-friendly climate, quality schools, a vibrant downtown, and a reasonable cost of living make it easy to build a career, grow a company, or put down roots.

The subject property sits at the signalized intersection of Campbell Lane (US 231) and Nashville Road (US 31W), two of Bowling Green’s main retail arteries, carrying a combined 55,000 vehicles per day. Kroger, the property’s immediate neighbor, anchors the corner and brings daily grocery, pharmacy and fuel trips past the restaurant. Buckhead Square sits across Campbell Lane, and the corridor continues east to Staples, GameStop and Best Buy.

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