2020 Gulf Gate Dr, Sarasota, FL 34231

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Building Details:

2020 Gulf Gate Dr is located in Sarasota, FL.

NNN Ground Lease Investment Opportunity, guaranteed by NYSE traded Corporation.
Tenanted by Longhorn Steakhouse, a Division of Darden Restaurants, Inc.
14 years remaining with periodic rental escalations.
ROFR. Darden Corp. has thirty (30) days to respond to a bona fide offer to purchase.
Absolute NNN Ground Lease which expires 2030.
Guaranteed by Darden Restaurants, Inc.
Current ground lease yields $126,443 per year.
12% Income escalations in initial year of each remaining 5 year option.

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- Ed Killmer, agent and Rofo Pro