9150 International Dr, Orlando, FL 32819

Flagship International Drive Location: The property is located on International Drive across from Pointe Orlando, one of the city’s most established dining, entertainment, and convention-oriented destinations. This corridor benefits from year-round tourism, convention traffic, resort demand, and corporate dining - creating diversified revenue drivers well beyond local residential demographics. This offering represents Del Frisco’s vision for the Double Eagle Steakhouse brand with great locations featuring high visibility, high traffic & iconic real estate within top tier markets.

Strong Corporate Guarantor: The lease is guaranteed by Del Frisco’s Restaurant Group, Inc., a nationally recognized fine-dining operator and wholly owned subsidiary of Landry’s, Inc. Del Frisco’s operates a diversified portfolio of upscale restaurant concepts across major U.S. markets, benefiting from the scale, operational support, and financial backing of the broader Landry’s hospitality platform which owns and operates over 600 locations nationwide. Del Frisco’s Double Eagle Steakhouse represents the company’s flagship fine-dining brand, positioned at the top end of its concept portfolio. The brand is known for high average check sizes, destination oriented locations, a high performer for I-Drive due to corporate dining, year round conventions, and theme park driven traffic - characteristics that are ideal for a brand like Del Frisco’s Double Eagle Steakhouse which is uniquely positioned to excel in iconic locations such as International Drive.

Irreplaceable Real Estate with Strong Fundamentals: Situated on a high profile 1.89 acre site with significant frontage along one of Orlando’s most heavily trafficked destinations, this property benefits from multiple strong drivers of demand within an established corridor and dense infill. Significant barriers to entry exits that make sites such as this one increasingly difficult to replicate along International Drive.

Long-Term NNN Lease Structure With Depreciation Benefits: The tenant operates under an absolute NNN lease with approximately nine years of remaining term and four (4) five-year renewal options. All operating expenses - including taxes, insurance, maintenance, and capital expenditures - are the responsibility of the tenant, providing true passive ownership and predictable bond-like cash flow. Unlike a ground lease structure, this offering includes the improvements, allowing investors to depreciate the building for tax purposes.

High Income & High Spending Trade Area on I-Drive: The surrounding market showcases average household incomes exceeding $100,000 with over $2.5 billion in annual dining expenditures within close proximity. The combination of affluent residents, tourism demand, and convention traffic supports long-term viability for high-end dining uses. The property benefits from exceptional year-round foot traffic, strong tourist demand, and proximity to major convention, hotel, theme park, and other hospitality drivers along I-Drive. Orlando is one of the nation’s most visited and fastest growing markets with locations like I-Drive featuring robust tourism, strong population growth, and a highly diversified local economy supported in part by world-class entertainment, hospitality, healthcare, and corporate demand.

Near Term Rent Increase With Contractual Rent Growth: The lease features 10% rent escalations every five years, with the next increase scheduled for January 1, 2028 bringing the cap rate to 6.60%. The 10% Increases remain throughout the 9 years of base term as well as throughout each of the 4x5 Year Options.