Description

Cushman & Wakefield is pleased to present the opportunity to acquire a net-leased investment occupied by Culinary Dropout, a highly recognizable and differentiated experiential dining concept known for its energetic atmosphere and strong consumer appeal. The property is secured by a long-term lease with a nationally recognized restaurant operator, providing investors with a dependable income stream backed by an established and growing hospitality platform. Culinary Dropout is part of Fox Restaurant Concepts, which is owned by The Cheesecake Factory, a leading publicly traded restaurant company listed on the NASDAQ: CAKE. Founded in 1978, The Cheesecake Factory has grown into a diversified restaurant platform operating more than 300 locations globally across multiple brands, including North Italia, Flower Child, and Culinary Dropout, and generated approximately $3.6 billion in revenue during 2024. Culinary Dropout currently operates 16 locations nationwide, with continued expansion targeting high-growth markets supported by strong demographic fundamentals. The subject property is located within the heart of the Heritage District in Gilbert, one of the East Valley’s premier dining, entertainment, and nightlife destinations. The Heritage District is known for its vibrant pedestrian environment, collection of more than 30 restaurants, year-round community events, and blend of historic architecture with modern mixed-use development. The area’s strong visibility, accessibility, affluent household demographics, and active social atmosphere continue to support long-term restaurant performance and tenant stability. This offering represents an opportunity to acquire a well-positioned Culinary Dropout investment featuring stable cash flow, limited management responsibilities, and long-term value supported by a nationally scaled restaurant operator and a highly successful experiential dining concept.