The subject property is a new O’ Charley’s Restaurant (NASDAQ - “CHUX”) located in West Des Moines, Iowa. O’ Charley’s is a multi-concept restaurant company who owns, operates and franchises 364 restaurants under 3 bannners (O’Charley’s, Ninety-Nine Restaurant, and Stoney River Legendary Steaks). The property is an out-parcel to a 240,000 sf Wal-Mart Supercenter, one block from a new 2 million sf Wells Fargo Home Mortgage & Credit Center, and 1 block from the 2.1 million sf Jordan Creek Town Center (Dillard’s, Younkers, Scheels, Century Theaters). Traffic generators in the immediate area include Costco, Lowe’s, Best Buy, Kohl’s, TJ Maxx, Old Navy, Petco, OfficeMax, Buffalo Wild Wings, Joe’s Crab Shack, PF Chang’s, On The Border, Residence Inn, and the Holiday Inn and Convention Center.

Tenant: O'Charley's Inc.
O’Charley’s Inc., headquartered in Nashville, Tenn., is a multi-concept restaurant company that operates or franchises a total of 364 restaurants under three brands: O’Charley’s, Ninety Nine Restaurant, and Stoney River Legendary Steaks. The O’Charley’s concept includes 240 restaurants in 20 states in the Southeast and Midwest, including 228 company-owned and operated O’Charley’s restaurants, and 12 restaurants operated by franchisees and joint venture partners. The menu, with an emphasis on fresh preparation, features several specialty items, such as hand-cut and aged USDA choice steaks, a variety of seafood and chicken, freshly baked yeast rolls, fresh salads with special-recipe salad dressings and signature caramel pie. The company operates Ninety Nine restaurants in 114 locations throughout New England and the Mid-Atlantic states. Ninety Nine has earned a strong reputation as a friendly, comfortable place to gather and enjoy great American food and drink at a terrific price. The menu features a wide selection of appetizers, salads, sandwiches, burgers, entrees and desserts. The company operates 10 Stoney River Legendary Steaks restaurants in six states in the Southeast and Midwest. The steakhouse concept appeals to both upscale casual-dining and fine-dining guests by offering high-quality food and attentive customer service typical of high-end steakhouses, but at more moderate prices.