Restaurant
Olive Garden
41 Hazard Ave, Enfield, CT 06082
Listing Price: $2,311,000
Investment Overview
Olive Garden extended a 10-year lease renewal early(1st & 2nd options) showing commitment to the site. Paying extremely low rent ($11.27 /SF) on a depreciable asset (not a ground lease) There are 11 years remaining on a corporate lease by Rare Hospitality International, Inc., a subsidiary of Darden Restaurants Inc. Absolute NNN - Fee simple ownership Historic store sales available (contact agent) - low rent/sales ratio National retailers in the immediate area include Costco, Home Depot, Dick’s Sporting Goods, Target, CVS, Walgreens, TJ Maxx, PetSmart, Burlington, Longhorn Steakhouse, Chipotle, Panera Bread, and many more
Olive Garden
Investment Highlights
- Olive Garden extended a 10-year lease renewal early(1st & 2nd options) showing commitment to the site. Paying extremely low rent ($11.27 /SF) on a depreciable asset (not a ground lease)
- There are 11 years remaining on a corporate lease by Rare Hospitality International, Inc., a subsidiary of Darden Restaurants Inc.
- Absolute NNN - Fee simple ownership
- Historic store sales available (contact agent) - low rent/sales ratio
- National retailers in the immediate area include Costco, Home Depot, Dick's Sporting Goods, Target, CVS, Walgreens, TJ Maxx, PetSmart, Burlington, Longhorn Steakhouse, Chipotle, Panera Bread, and many more
Exclusively Listed By
Financing By
Listing Price: $2,311,000
Investment Highlights
- Olive Garden extended a 10-year lease renewal early(1st & 2nd options) showing commitment to the site. Paying extremely low rent ($11.27 /SF) on a depreciable asset (not a ground lease)
- There are 11 years remaining on a corporate lease by Rare Hospitality International, Inc., a subsidiary of Darden Restaurants Inc.
- Absolute NNN - Fee simple ownership
- Historic store sales available (contact agent) - low rent/sales ratio
- National retailers in the immediate area include Costco, Home Depot, Dick's Sporting Goods, Target, CVS, Walgreens, TJ Maxx, PetSmart, Burlington, Longhorn Steakhouse, Chipotle, Panera Bread, and many more
Investment Overview
Olive Garden extended a 10-year lease renewal early(1st & 2nd options) showing commitment to the site. Paying extremely low rent ($11.27 /SF) on a depreciable asset (not a ground lease) There are 11 years remaining on a corporate lease by Rare Hospitality International, Inc., a subsidiary of Darden Restaurants Inc. Absolute NNN - Fee simple ownership Historic store sales available (contact agent) - low rent/sales ratio National retailers in the immediate area include Costco, Home Depot, Dick’s Sporting Goods, Target, CVS, Walgreens, TJ Maxx, PetSmart, Burlington, Longhorn Steakhouse, Chipotle, Panera Bread, and many more
Exclusively Listed By
Financing By
