3125 CRATER LAKE HWY Medford OR 97504-9179

The Boulder Group and Lee & Associates are pleased to exclusively market for sale a single tenant net leased Olive Garden property located in Medford, Oregon. The property is strategically located along Crater Lake Highway at the signalized entrance to a Safeway grocery anchored center. The Olive Garden lease has approximately 13 years remaining in the primary term. This absolute net lease features 1% annual rental escalations in the primary term and five 5-year renewal option periods. Olive Garden is the leading restaurant in the Italian dining segment with more than 800 restaurants, more than 96,000 employees and more than $3.8 billion in annual sales. The tenant is GMRI, Inc., a wholly owned subsidiary of Darden Restaurants, Inc., doing business as Olive Garden. Darden Restaurants, Inc. is publicly traded company on the New York Stock Exchange using the symbol “DRI”, is an investment grade rated company with a Standard & Poor’s rating of BBB.

The Olive Garden property is strategically located at a signalized intersection along Crater Lake Highway. Crater Lake Highway is the primary north-south thoroughfare in the area and experiences traffic counts in excess of 42,000 vehicles per day. The property is located adjacent to a Safeway grocery anchored center in a dominant retail corridor. Retailers in the immediate vicinity include Lowe’s, Walmart Supercenter, Costco, Michael’s, and Sportsman’s Warehouse. The Olive Garden is located in the immediate proximity to the Rogue Valley International-Medford Airport, the third busiest airport in Oregon. There are over 59,900 people living within a three mile radius of the property.

There are approximately 13 years remaining on the corporately guaranteed Olive Garden lease which expires in June 2030. The triple net lease features 1% annual rental escalations and five 5-year renewal option periods. The tenant is GMRI, Inc., a wholly owned subsidiary of Darden Restaurants, Inc., doing business as Olive Garden. Darden Restaurants, Inc. is a multi-brand restaurant operator. 

• Corporate lease
• Approximately 13 years remaining in the primary term
• 1% annual rental escalations
• No landlord responsibilities
• Adjacent to a Safeway grocery anchored center
• Located at a signalized intersection along Crater Lake Highway, the main north-south thoroughfare in the area (42,000 VPD)
• Retailers in the immediate vicinity include Lowe’s, Walmart Supercenter, Costco, Michael’s, and Sportsman’s Warehouse
• Immediate vicinity to the 3rd busiest airport in Oregon
• Above average sales with a low rent-to-sales ratio