Listed by Matthews
$2,035,891
Olive Garden
Details
Property Type Retail
Sub Type Restaurant
Square Footage 7,391
Net Rentable (SqFt) 7,391
Units 1
Cap Rate 5.45%
NOI $110,984
Occupancy 100%
Tenancy Single
Brand/Tenant Olive Garden
Lease Type NNN
Lease Expiration 03/31/2029
Remaining Term 2.8
Price per SqFt $275
Class A
Year Built 2010
Buildings 1
Stories 1
Acreage 1.680
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ownership Fee Simple
Absolute NNN Olive Garden Ground Lease – Investment-Grade Credit, 1.5% Annual Increases, Proven Loca
Marketing description
Absolute NNN Olive Garden ground lease in Richmond, VA with ±4 years, 5 months remaining and five 5-year renewal options. 7,391 SF building on 1.68 acres. Lease guaranteed by Darden Restaurants (NYSE: DRI), investment-grade BBB credit. In-place rent $14.79/SF, NOI $110,984, price $2,035,891. 1.5% annual rent increases and proven 15+ year operating history.
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Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$110,984.00
$9,248.67/mo
Valuation Metrics
0
DSCR
5.45%
Cap Rate
5.45%
ROI
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