5620 W Oak Ridge Rd
Orlando, FL 32819

ICONIC LOCATION – Bahama Breeze at Grand National is one of two Darden restaurants located within a 6-minute drive from Universal Orlando (19.7 million annual visitors) and directly connected via the new Grand National Drive overpass. BEST-OF-THE-BEST RETAIL MARKET – Bahama Breeze is located immediately across from the Simon-owned Orlando International Premium Outlets, a Top 10 U.S. Retail Asset based on sales PSF exceeding $1,300 PSF and rents rumored to be $100+ PSF. #1 TOURISM MARKET – Bahama Breeze is in the heart of Orlando’s tourist corridor and Orlando is the #1 most visited city in the U.S. with over 72 million visitors in 2017, an all-time U.S. record and 66% increase since 2009. NEW LEASE & PROTOTYPE STORE – New long-term ground lease with nearly 10 years of term remaining and 10% rent increases every 5 years. The corporate lease was signed by Bahama Breeze Holdings, LLC, and guaranteed by GMRI, Inc, both subsidiaries of Darden Restaurants. INVESTMENT-GRADE CREDIT – Bahama Breeze has 41 locations with 44% concentrated in Florida and the chain achieves the 3rd highest sales PSF for Darden concepts ($729 PSF). Darden Restaurants (NYSE: DRI), carries an investment-grade credit rating from S&P (BBB), Moody’s (Baa2), and Fitch (BBB). #1 JOB GROWTH – Orlando has ranked #1 for Employment Growth for 8 consecutive months since May 2018 with 4.0% year-over-year job growth as of December 2018, compared to the 1.79% national average (BLS). STRONG LOCAL DEMOGRAPHICS – Orlando’s Tourist Corridor is dense and growing with a population of 92,570 residents within 3 miles of Starbucks and a growth projection of 9.1% through 2024. PREMIER MIXED-USE DEVELOPMENT – Grand National is slated to provide a built-in customer base from the planned TownePlace Suites by Marriott (160 rooms), a potential additional hotel, and approximately 300 luxury apartment units. WORLD-RENOWNED DESTINATION – International Drive features over 43,000 hotel rooms and connects Grand National to the 2nd largest convention center in the United States—the Orange County Convention Center (1.4 million annual visitors). TARGETED AFFLUENT SHOPPERS – Located 1.5 miles from the Mall at Millenia, another Top 10 U.S. Retail Asset, LongHorn Steakhouse is in one of the best performing retail submarkets in America. Mall at Millenia attracts the most affluent domestic and international shoppers. INSTITUTIONAL TRADE AREA – The Millenia/North I-Drive trade area has attracted significant institutional and ultra-high net worth investment due to immense traffic generators, central location, renewed infrastructure, and growing population. Since 2018, investors have poured over half a billion dollars into commercial real estate within 2.5 miles of Grand National, including acquisitions by Blackstone, Starwood, Barings, Walt Disney, and Comcast.