4860 N HAMILTON RD Columbus OH 43230-1756

This Olive Garden features a ground lease with tenant being responsible for taxes, insurance, CAM, and building maintenance, and has term through December 2029. Olive Garden has been successfully operating at this location since 2009 and recently executed two options.

STRONG NATIONAL TENANT

This Olive Garden lease is with GMRI, Inc., which is Darden’s corporate entity behind the majority of its Olive Garden locations. Olive Garden is the largest full-service dining Italian restaurant operator in the United States, with +860 locations and $1.99B in annual revenue.

RECENTLY EXERCISED OPTIONS

Olive Garden recently exercised both its first and second options to renew, taking their term through December 2029 and confirming their commitment to this location. They have two remaining 5-year options to renew.

SIGNIFICANT RENT INCREASES

The lease features a 10% rent increase in January 2025, as well as in both 5-year options to renew.

SUPERIOR OUTPARCEL LOCATION AT NEW ALBANY SQUARE

Ideally situated just minutes from the Limited Brands and Big Lots corporate campuses the property is positioned to benefit from significant day time traffic and serve the rapidly growing residential areas of New Albany, Gahanna and northeast Columbus. Olive Garden’s location at New Albany Square offers outstanding demographics, with an average household income of $122,681 within 3-miles, and excellent visibility, access and high traffic at the intersection of Morse and Hamilton Roads.

EXCELLENT DEMOGRAPHICS

This location has several corporate headquarters in the vicinity, including L Brands and Big Lots. Easton is home to 4.2 million SF of office space and over 30,000 employees. As such this location features extremely strong daytime demographics with a daytime population of 125,038, 86,352 employees and 6,000 businesses within 5-miles.

Traffic Counts:

Morse Road - 34,866 ADT

Hamilton Road - 26,666 ADT