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Restaurant

Olive Garden | 12+ Years Remain | Washington, D.C. MSA | Below Market Rent

12980 Fair Lakes Shopping Center, Fairfax, VA 22033

Listing Price: $6,393,897

Cap Rate
4.65%
Tenant Name
Olive Garden
Years Remaining On Lease
12.4
Guarantor
Corporate Guarantee
Rentable SF
9,088
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$32.72

Investment Overview

The Tenant has more than 12 years remaining on an absolute NNN lease with five, five-year renewal options. The lease features rare annual increases of 1.50 percent. The tenant has occupied its building since the mid-1990’s when the Fair Lakes Center was developed; more than 25 years ago! The present lease was negotiated by a REIT and executed in 2015. The current rental rate of $30.65-per-square-foot is below market today given that surrounding rents at nearby and neighboring pads are upward of $45.00-$80.00-per-square-foot. Please contact the listing agent for supporting rental rate study. The nature of this pad’s low rental rate makes for a very secure investment!

Investment Highlights

  • Rare Fairfax County Net Lease Offering
  • 1.5% Annual Increases
  • Under-Market $30 PSF Rental Rate

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

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

    Washington, D.C.

Broker of Record

  • Dawson Rinder

    Associate Regional Manager

    (804) 205-5008

    License(s) VA: 0225215181

    Virginia

Restaurant

Olive Garden | 12+ Years Remain | Washington, D.C. MSA | Below Market Rent

Listing Price: $6,393,897

Cap Rate
4.65%
Tenant Name
Olive Garden
Years Remaining On Lease
12.4
Guarantor
Corporate Guarantee
Rentable SF
9,088
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$32.72

Investment Highlights

  • Rare Fairfax County Net Lease Offering
  • 1.5% Annual Increases
  • Under-Market $30 PSF Rental Rate

Investment Overview

The Tenant has more than 12 years remaining on an absolute NNN lease with five, five-year renewal options. The lease features rare annual increases of 1.50 percent. The tenant has occupied its building since the mid-1990’s when the Fair Lakes Center was developed; more than 25 years ago! The present lease was negotiated by a REIT and executed in 2015. The current rental rate of $30.65-per-square-foot is below market today given that surrounding rents at nearby and neighboring pads are upward of $45.00-$80.00-per-square-foot. Please contact the listing agent for supporting rental rate study. The nature of this pad’s low rental rate makes for a very secure investment!

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

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

    Washington, D.C.

Broker of Record

  • Dawson Rinder

    Associate Regional Manager

    (804) 205-5008

    License(s): VA: 0225215181

    Virginia

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