Restaurant
Olive Garden (Recent Lease Extension)
3807 Frontage Rd, Brownsville, TX 78520
Listing Price: $3,534,000
Investment Overview
The offering presents an opportunity to acquire an Olive Garden restaurant operating under a corporate-guaranteed ground lease with a recent lease extension and located along North Expressway 83 in Brownsville, Texas, with exposure to approximately 106,362 vehicles per day. According to Placer.ai, the property ranks in the top 15% nationwide among Olive Garden locations by annual visits. Darden operates both Olive Garden and LongHorn Steakhouse within the development, reflecting a sustained operational commitment and established presence at the site.
Olive Garden (Recent Lease Extension)
Investment Highlights
- Recent Lease Extension - Corporate Ground Lease With 11.7 Years Remaining
- High-Performing Location — Top 15% Nationally | 367,700 Visits (Last 12 Months)
- 7,916 SF Freestanding Building Within the 10-Acre Las Palmas Retail Development
- Frontage on U.S. Route 77 — Major Route to the U.S./Mexico Border (106,362 VPD) Near Sunshine Mall
- Corporate Guarantee — Darden Restaurants, Inc. (NYSE: S&P: BBB)
- Dense Trade Area With 164,014 Residents and 157,812 Daytime Employees (5-Mile Radius)
- Seven Miles from the Port of Brownsville and Approximately 30 Minutes to Matamoros, Mexico
- Brownsville–Harlingen Metro | Population of Approximately 430,000
Exclusively Listed By
Listing Price: $3,534,000
Investment Highlights
- Recent Lease Extension - Corporate Ground Lease With 11.7 Years Remaining
- High-Performing Location — Top 15% Nationally | 367,700 Visits (Last 12 Months)
- 7,916 SF Freestanding Building Within the 10-Acre Las Palmas Retail Development
- Frontage on U.S. Route 77 — Major Route to the U.S./Mexico Border (106,362 VPD) Near Sunshine Mall
- Corporate Guarantee — Darden Restaurants, Inc. (NYSE: S&P: BBB)
- Dense Trade Area With 164,014 Residents and 157,812 Daytime Employees (5-Mile Radius)
- Seven Miles from the Port of Brownsville and Approximately 30 Minutes to Matamoros, Mexico
- Brownsville–Harlingen Metro | Population of Approximately 430,000
Investment Overview
The offering presents an opportunity to acquire an Olive Garden restaurant operating under a corporate-guaranteed ground lease with a recent lease extension and located along North Expressway 83 in Brownsville, Texas, with exposure to approximately 106,362 vehicles per day. According to Placer.ai, the property ranks in the top 15% nationwide among Olive Garden locations by annual visits. Darden operates both Olive Garden and LongHorn Steakhouse within the development, reflecting a sustained operational commitment and established presence at the site.
Exclusively Listed By
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