About Tenant

GMRI, Inc. operates a network of fresh grill and wine bars in the United States. Its wine bars offer custom flatbreads, mini indulgences, lunch and dinner menus, bar menus, private dining services, chef's table menus, and alternative menus; and various organic and biodynamic wines. GMRI, Inc. is a subsidiary of Darden Restaurants, Inc. (NYSE: DRI) is a multi-brand restaurant operator headquartered in Florida. The company owns several casual dining restaurant chains, most notably Olive Garden, LongHorn Steakhouse, and Red Lobster. Darden owns and operates 1,936 restaurant locations throughout North America and has more than 180,000 employees, making it the largest full-service casual dining company in the world by number of stores. Darden does not franchise its restaurants in the United States. Darden is a Fortune 500 company.

Absolute NNN leased Olive Garden restaurant. Original 15 year lease with renewal date of Jan 1, 2021. Rent schedule is as follows:

Lease Years: 1-15* $136,632.96

Lease Years: 16-20 $175,616.00

Lease Years: 21-25 $196,600.00

Lease Years: 26-30 $220,293.00

Lease Years: 31-32 $242,322.00

*current rent