Olive Garden - Brooksville FL
Brand New Construction | Absolute NNN (Ground Lease) | 10% Increases Every Five Years
Marketing description
Introducing an exceptional investment opportunity at 14415 Cortez Boulevard in Brooksville, Florida. This brand-new construction is part of the sought-after Alliance at the Grove, a dynamic 27-acre mixed-use development. The property offers a single-tenant absolute NNN ground lease with a leading national retailer, Olive Garden, as the tenant. With a rentable area of 7,805 square feet on a 2.27-acre land parcel, this investment boasts a net operating income of $205,000 and a cap rate of 5.00%. Olive Garden Holdings, LLC has signed a 10-year lease with 10% rent increases every 5 years and four 5-year renewal options. As the landlord, you will have zero responsibilities, making this a hassle-free, management-free investment opportunity.
Investment highlights
New 10-Year Ground Lease | Options To Extend | Scheduled Rental Increases | Leading Italian Restaurant Chain
Abs. NNN Ground Lease | Land Ownership | No State Income Tax | Zero Landlord Responsibilities
Fronting Cortez Road | Off Suncoast Pkwy | Part of Larger Retail Development | Growing Trade Area
Demographics In 5-mile Trade Area | Annual Population Growth
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