Skip to main content

Restaurant

Olive Garden (Darden Restaurants, Inc. Corporate Guarantee)

3094 Helmsdale Pl, Lexington, KY 40509

Listing Price: $6,363,444

Cap Rate
5.85%
Tenant Name
Olive Garden Holdings, LLC
Years Remaining On Lease
14.6
Guarantor
Corporate Guarantee
Rentable SF
8,214
Lease Type
Absolute Net
Rent Per Square Feet
$45.32

Investment Overview

The subject property is a freestanding single tenant Olive Garden casual dining restaurant. Olive Garden is the leading restaurant in the Italian dining segment with more than 875 restaurants, more than 96,000 employees and more than $4.5 billion in annual sales. Olive Garden is owned by Darden Restaurants, Inc. There are approximately 15-years remaining on the original 17-year absolute NNN lease, which offers no landlord management or maintenance obligations whatsoever. The lease offers a rare corporate guarantee from Darden Restaurants, Inc. (NYSE: DRI).

Investment Highlights

  • Corporate Guarantee from Darden Restaurants, Inc.
  • 15-Year Absolute NNN Lease – No landlord maintenance responsibilities
  • Annual Rent Increases During Primary Term & Options
  • Affluent Location with Excellent Real Estate Fundamentals
  • Restaurant Sales Available

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KY: 242197

    Kentucky

Restaurant

Olive Garden (Darden Restaurants, Inc. Corporate Guarantee)

Listing Price: $6,363,444

Cap Rate
5.85%
Tenant Name
Olive Garden Holdings, LLC
Years Remaining On Lease
14.6
Guarantor
Corporate Guarantee
Rentable SF
8,214
Lease Type
Absolute Net
Rent Per Square Feet
$45.32

Investment Highlights

  • Corporate Guarantee from Darden Restaurants, Inc.
  • 15-Year Absolute NNN Lease – No landlord maintenance responsibilities
  • Annual Rent Increases During Primary Term & Options
  • Affluent Location with Excellent Real Estate Fundamentals
  • Restaurant Sales Available

Investment Overview

The subject property is a freestanding single tenant Olive Garden casual dining restaurant. Olive Garden is the leading restaurant in the Italian dining segment with more than 875 restaurants, more than 96,000 employees and more than $4.5 billion in annual sales. Olive Garden is owned by Darden Restaurants, Inc. There are approximately 15-years remaining on the original 17-year absolute NNN lease, which offers no landlord management or maintenance obligations whatsoever. The lease offers a rare corporate guarantee from Darden Restaurants, Inc. (NYSE: DRI).

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KY: 242197

    Kentucky

MM Texture Background
MM Textured Background Lower