Interested in selling your Darden Restaurant NNN property or Darden Restaurant lease property and was wondering what you can get for it in today’s changing market?
Contact us for a complimentary broker opinion of value for your off-market Darden Restaurant NNN property for sale or Darden Restaurant ground lease property for investment, specifically tailored to support your 1031 exchange requirements. This valuable assessment will provide you with the necessary clarity to make informed decisions regarding the sale of your Darden Restaurant NNN property or the inclusion of a Darden Restaurant ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market Darden Restaurant properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.
Number of locations
As of January 2023, Darden Restaurants has over 1,900 restaurants in the United States and Canada.
Revenue and income
In 2022, Darden Restaurant’s total revenue was $10.3 billion. Net income was $600 million.
Future plans
Darden Restaurants plans to expand its restaurant footprint in the United States and Canada. The company also plans to open new restaurants in international markets like Mexico and China. Darden Restaurants also invests in new technologies like mobile ordering and online reservations.
Corporate vs. franchise
About 80% of Darden Restaurants restaurants are corporate-owned. The remaining 20% are franchised. Franchisees typically pay a franchise fee of $50,000 to $100,000 and a royalty fee of 5% of gross sales.
Additional information Darden Restaurant Properties
Darden Restaurants was founded in 1962 in Orlando, Florida.
The company’s name combines “daring” and “dining.”
Darden Restaurants holds the distinction of being the most extensive full-service restaurant company in the United States.
The company’s most popular brands include Olive Garden, LongHorn Steakhouse, Yard House, and The Capital Grille.
Darden Restaurants is a publicly traded company on the New York Stock Exchange (NYSE: DRI).
Darden Restaurant History
Darden Restaurants originated in 1938 when Bill Darden inaugurated his initial restaurant, The Green Frog, in Waycross, Georgia. This establishment marks the foundational step that led to the evolution of Darden Restaurants into the thriving entity it is today. The company was founded in 1962 and is headquartered in Orlando, Florida. Darden Restaurants stands as the foremost full-service restaurant company in the United States, boasting a network of more than 1,900 restaurants spanning the United States and Canada. The company’s portfolio includes Olive Garden, LongHorn Steakhouse, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, and Eddie V’s.
Why Invest in Ground Lease and NNN Lease of Darden Restaurant?
Investing in Darden Restaurant’s ground lease and triple net (NNN) lease properties offer compelling reasons:
1) Darden Restaurant NNN Property Investment: Stable income
Darden Restaurants is a well-established company with a long record of profitability. The company’s restaurants are in high-traffic areas and attract a loyal customer base. This provides investors with a stable income stream from rent payments.
2) Darden Restaurant NNN Property Investment: Established tenant
Darden Restaurants is a large and well-known company with a strong financial position. This reduces the risk of lease default or vacancy.
3) Darden Restaurant NNN Property Investment: Low management responsibility
Darden Restaurants is responsible for the maintenance and operation of its restaurants. This frees up investors from having to worry about these responsibilities.
4) Darden Restaurant NNN Property Investment: Favorable lease terms
Darden Restaurants typically offers long lease terms with built-in rent escalations. This provides investors with predictable income and potential rental growth.
5) Darden Restaurant NNN Property Investment: Real estate value
Darden Restaurant’s restaurants are in prime real estate locations. This can increase the underlying property’s value, providing investors with potential capital appreciation.
Pros and Cons of Darden Restaurant Ground Lease and NNN Lease Investment
Pros:
1. Consistent income from a reputable brand.
2. Established tenant presence curbs vacancy and lease default risks.
3. Minimal landlord management responsibilities.
4. Long lease terms provide stability and growth potential.
Cons:
1. Lease renewal uncertainty upon term conclusion.
2. Exposure to Darden Restaurants’ operational dynamics and successes.
3. Market factors and competition can impact profitability.
4. Limited authority over property decisions.
5. Inherent real estate investment risks linked to economic and market fluctuations.
Scrutiny of property attributes, location, lease specifics, tenant credibility, and investment strategy is imperative. Collaborating with real estate experts and financial advisors is advised to align investments with personal goals and risk tolerance.