904 Scott Dr, Piqua, OH 45356

TENANT: Olive Garden is a privately held restaurant chain, part of Darden Restaurants, specializing in Italian-American cuisine. Founded in 1982, it has grown to become the leading restaurant in the Italian casual dining segment, boasting nearly 900 locations and over $4.9 billion in annual sales. Olive Garden's corporate office is located in Orlando, Florida, and the company is committed to community involvement and food donations.

Darden owns, operates or franchises 2,165 restaurants under brands that include Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Chuy's, Yard House, Ruth's Chris Steak House (Ruth's Chris), TheCapital Grille, Seasons 52, Bahama Breeze, Eddie V's Prime Seafood (Eddie V's) and The Capital Burger. Revenue for twelve months ended February 23, 2025 was around $11.8 billion.

LOCATION OVERVIEW: Located along the I-75 corridor, just above I-70, Piqua, Ohio offers a quiet “rural quality of life” that is just minutes away from big city attractions, with over 1000 acres of land zoned for industrial use, and numerous new housing developments offering a full continuum of housing for every lifestyle. Part of the Dayton Metropolitan Statistical Area, Piqua is located approximately 30 miles north of the city but also has a very strategic placement being equidistant from both Cincinnati and Columbus, Ohio (85 miles). Piqua has two main roadways, U.S. 36 (East Ash), which runs east-west through much of the city, cutting the city almost directly in half and I-75, a major interstate that runs from Cincinnati to Toledo with direct access to Downtown Dayton. The featured asset is also just 22 miles from Dayton International Airport

The City of Piqua is the home to several major employers creating an employment base to support the new Olive Garden. In 2020, across from the featured Olive Garden, Kettering Health built its $30 million, 31,000 S.F. medical complex featuring both emergency care and outpatient testing to the entire community. The entire Kettering Health network operates nine hospitals throughout Greater Dayton, and it is the No. 2 largest employer in the region with more than 12,800 workers and $2.04 billion in revenue, according to DBJ research. Additionally, Piqua is home to Industry Products Company, which serves the world’s largest automobile manufacturers, providing high-quality tooling, manufacturing and assembly of cargo and trunk systems, acoustic and water shield solutions and protective in-transit materials and Evenflo, the leading manufacturer of infant and toddler car seats and has become one of Piqua's leading employers with over 500 employees. Hartzell Propeller has been a long-time staple to Piqua and is the leading producer of small aircraft propellers and employs 285 people. The French Oil Mill Machinery Company also has a large presence as the company was founded in Piqua and has customers in over 80 countries, still serving the vegetable oil extraction market. In addition, the company is a world leader in synthetic rubber dewatering and drying machinery, and in hydraulic molding presses for rubber, thermoplastic and composite materials.

Due to the close proximity to Dayton, many residents of Piqua commute to Dayton for work but live in Piqua for the small-town feel. Dayton’s major employers consist of Fuyao Glass America (0.25 miles), the world's leading manufacturing company specializing in automotive glass, which opened its 116-acre facility in late 2016 and employs 3,000 people at the location. Dayton’s employment landscape hosts significant research and development in fields like industrial and aeronautical. Several noteworthy innovations have been designed in Dayton due in part to Wright-Patterson Air Force Base and its place within the community. The Air Force Base is the largest single-site employer in Ohio with 30,000 military and civilian employees. Healthcare accounts for much of the Dayton area's economy. Hospitals in the Greater Dayton area have an estimated combined employment of nearly 32,000, and a yearly economic impact of $6.8 billion. It is estimated that Premier Health Partners (12,425 total regional employees), a hospital network, contributes more than $2 billion a year to the region through operating, employment, and capital expenditures. Dayton has been rated the #3 city in the nation out of the top 50 cities in the United States by HealthGrades for “Excellence in Health Care.” Many hospitals in the Dayton area are consistently ranked by Forbes, U.S. News & World Report, and Health Grades for clinical excellence

Many major corporations such as Kroger, Honda, Reynolds and Reynolds, CareSource, Cargill, NewPage Corporation, Huffy Bicycles, LexisNexis, Kettering Health Network, Premier Health Partners, Standard Register, Dayton Reliable Tool and Teradata have their headquarters in Dayton. Recently Site Selection magazine ranked Dayton the “#1 Medium Sized Metropolitan Area in the U.S. for Economic Development” and according to Bloomberg Businessweek, Dayton was one of the best places in the U.S. for college graduates to find a job. Dayton is also among the top 100 metropolitan areas in the United States exports related jobs by the Brookings Institution. Additionally, The Dayton area was ranked the “10th Best Metropolitan Area in the United States for Higher Education” by Forbes. The University of Dayton (11,345+ students), Wright State University (11,470+ students), Kettering College (approximately 730 students) and Sinclair Community College (18,775+ students) are all located in Dayton and Sinclair is the largest community college at a single location in Ohio.