Brauvin Acquires a Cheddar’s Scratch Kitchen Property in Harlingen, TX

December 16, 2020

Brauvin 18 acquired a 7,957 square foot Cheddar’s Scratch Kitchen restaurant located in Harlingen, TX, for $4,165,000. Harlingen is located approximately 30 miles east of McAllen, and 25 miles north of Brownsville. Darden Restaurants, Inc. (NYSE: DRI) is the parent company of Cheddar’s, and guarantees the lease. DRI owns and operates over 1,800 full-service restaurants in the United States and Canada, and has investment grade credit ratings of BBB- (S&P) and Baa3 (Moody’s).