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Restaurant

Olive Garden | 15-Years Remaining | Baltimore MSA | Limited Italian Options in the Area

2690 Compromise St, Bel Air, MD 21014

Listing Price: $3,457,944

Cap Rate
5.35%
Tenant Name
Olive Garden
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
7,825
Lease Type
NNN Ground Lease
Rent Per Square Feet
$23.64

Investment Overview

The Tenant, Olive Garden Holdings, LLC, is part of the Darden Restaurant Group, a publicly traded company with an investment-grade “BBB” rating from S&P. Olive Garden is subject to a new 15-year ground lease with an anticipated opening on March 1, 2025. The lease includes rental increases of 10% every five years during the base term and in each of the four, five-year option periods, providing an excellent hedge against inflation. Olive Garden will operate in a 7,825 square-foot building as a full-service, casual dining restaurant with a liquor license allowing beer, wine, and liquor sales. The improvements to the property were constructed at the tenant’s expense, further enhancing the strength of the collateral.

Investment Highlights

  • New 15-Year Corporate Darden Ground Lease
  • 10 Percent Rental Increases Every Five Years
  • Strong Drive-Time Demographics; Just Off Interstate-95 which sees Over 125,000 VPD

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

  • Jeffrey Pensak

    Associate

    (202) 536-3760

    Email Jeffrey

    License(s): MD: 681663, PA: RSR005189, VA: 0225261924

    Washington, D.C.

Financing By

Restaurant

Olive Garden | 15-Years Remaining | Baltimore MSA | Limited Italian Options in the Area

Listing Price: $3,457,944

Cap Rate
5.35%
Tenant Name
Olive Garden
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
7,825
Lease Type
NNN Ground Lease
Rent Per Square Feet
$23.64

Investment Highlights

  • New 15-Year Corporate Darden Ground Lease
  • 10 Percent Rental Increases Every Five Years
  • Strong Drive-Time Demographics; Just Off Interstate-95 which sees Over 125,000 VPD

Investment Overview

The Tenant, Olive Garden Holdings, LLC, is part of the Darden Restaurant Group, a publicly traded company with an investment-grade “BBB” rating from S&P. Olive Garden is subject to a new 15-year ground lease with an anticipated opening on March 1, 2025. The lease includes rental increases of 10% every five years during the base term and in each of the four, five-year option periods, providing an excellent hedge against inflation. Olive Garden will operate in a 7,825 square-foot building as a full-service, casual dining restaurant with a liquor license allowing beer, wine, and liquor sales. The improvements to the property were constructed at the tenant’s expense, further enhancing the strength of the collateral.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

  • Jeffrey Pensak

    Associate

    (202) 536-3760

    Email Jeffrey

    License(s): MD: 681663, PA: RSR005189, VA: 0225261924

    Washington, D.C.

Financing By

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