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Olive Garden - Brooksville FL 14415 Cortez Blvd 7,805 SF 4-Star Retail Building Brooksville, FL 34613 $4,100,000 ($525.30/SF) 5% Cap Rate
Investment Highlights
- New 10-Year Ground Lease | Options To Extend | Scheduled Rental Increases | Leading Italian Restaurant Chain
- Fronting Cortez Road | Off Suncoast Pkwy | Part of Larger Retail Development | Growing Trade Area
- Abs. NNN Ground Lease | Land Ownership | No State Income Tax | Zero Landlord Responsibilities
- Demographics In 5-mile Trade Area | Annual Population Growth
Executive Summary
• The tenant recently signed a brand new 10-year lease with 4 (5-year) options to extend
• The lease features 10% rental increases every 5 years throughout the initial term and during each option period
• Olive Garden is the leading restaurant in the Italian dining segment with over 2,100 restaurants, more than 195,000 employees and more than $10.5 billion in annual sales
• The lease features 10% rental increases every 5 years throughout the initial term and during each option period
• Olive Garden is the leading restaurant in the Italian dining segment with over 2,100 restaurants, more than 195,000 employees and more than $10.5 billion in annual sales
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
7,805 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$4,100,000
Price Per SF
$525.30
Cap Rate
5%
NOI
$205,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
2.27 AC
Zoning
Commercial - Commercial
Parking
157 Spaces (20.12 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | R27-222-18-1357-0000-0010 | Improvements Assessment | $0 |
| Land Assessment | $897,522 | Total Assessment | $897,522 |
Property Taxes
Parcel Number
R27-222-18-1357-0000-0010
Land Assessment
$897,522
Improvements Assessment
$0
Total Assessment
$897,522
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Olive Garden - Brooksville FL | 14415 Cortez Blvd
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