2150 US-127 Danville, KY 40422

Listing agency Marcus & Millichap - Nashville

Listed by Jason Hernandez · License #CA 01392646

Source Crexi

Added: Apr 11 Updated: Jul 21 at 3:12AM Checked: Jul 21 at 3:12AM

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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.

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

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FAQs

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