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Restaurant

Olive Garden

41 Hazard Ave, Enfield, CT 06082

Listing Price: $2,311,000

Cap Rate
4.50%
Tenant Name
Olive Garden
Years Remaining On Lease
10.8
Gross SF
9,230
Guarantor
Corporate Guarantee
Rentable SF
9,230
Price/Gross SF
$250.38
Lease Type
Absolute Net
Rent Per Square Feet
$11.27

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

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

Restaurant

Olive Garden

Listing Price: $2,311,000

Cap Rate
4.50%
Tenant Name
Olive Garden
Years Remaining On Lease
10.8
Gross SF
9,230
Guarantor
Corporate Guarantee
Rentable SF
9,230
Price/Gross SF
$250.38
Lease Type
Absolute Net
Rent Per Square Feet
$11.27

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

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