Freestanding Cheddar's Restaurant
For Sale
Contact for pricing
Pending
2150 US-127, Danville, KY 40422
Freestanding single-tenant Cheddar’s Scratch Kitchen on a Walmart outparcel with an absolute NNN lease and Darden guarantee.
Property SizeContact for details
Days on Market117
Property Features for 2150 US-127
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Marcus & Millichap - Nashville
Listed By:
Jason Hernandez · License #CA 01392646
Source:
Crexi
Added: Apr 11
Changed: Jul 21
Last Checked: Aug 4 at 11:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Nashville
Investment Insights
Based on property information with market context.
The property is a freestanding, single-tenant Cheddar’s Scratch Kitchen casual dining restaurant. It is structured as an absolute NNN lease, leaving no landlord management or maintenance responsibilities. Approximately 13 years remain on the original 16-year lease term, and the lease includes annual rent increases during the primary term and its options. A corporate guarantee from Darden Restaurants, Inc. (NYSE: DRI) further supports the lease structure, and restaurant sales are available for review.
The restaurant is located on a Walmart outparcel.
For investors and qualified buyers, the offering presents a long-term, absolute NNN income stream tied to a corporate-guaranteed operator on a freestanding restaurant footprint.
The restaurant is located on a Walmart outparcel.
For investors and qualified buyers, the offering presents a long-term, absolute NNN income stream tied to a corporate-guaranteed operator on a freestanding restaurant footprint.
Key Highlights
- Freestanding, single‑tenant Cheddar’s Scratch Kitchen casual dining restaurant
- 13‑year absolute NNN lease remaining on an original 16‑year term
- Lease is described as absolute NNN with no landlord management or maintenance responsibilities
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,177
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 40422, KY
25,918
Population
10,627
Households
2.4
Avg Household Size
41
Median Age
29%
College-Educated
92%
High-School Grad
108.3 sq mi
ZIP Area
239
Density / Sq Mi
$60,926
Median Household Income
$36,910
Median Earnings
$774
Median Rent
$214,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding single-tenant Cheddar’s Scratch Kitchen on a Walmart outparcel with an absolute NNN lease and Darden guarantee.
Where is this conventional restaurant located?
The property is located at 2150 US-127 Danville, KY.
What are key features of this property?
This property features: Freestanding, single‑tenant Cheddar’s Scratch Kitchen casual dining restaurant; 13‑year absolute NNN lease remaining on an original 16‑year term; Lease is described as absolute NNN with no landlord management or maintenance responsibilities
