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Olive Garden | Oregon, OH 2810 Navarre Ave 6,489 SF Retail Building Oregon, OH 43616 $2,621,359 ($403.97/SF) 5.15% Cap Rate
Investment Highlights
- DARDEN-BACKED CREDIT | CONTRACTUAL RENT GROWTH | PASSIVE NNN STRUCTURE
- ATTRACTIVE GROUND RENT | STRONG RESIDUAL REAL ESTATE FUNDAMENTALS
- STRATEGIC PAD SITE | PREMIER RETAIL CORRIDOR
- BRAND-NEW CONSTRUCTION OLIVE GARDEN | CORPORATE GUARANTEE
- PREMIER NATIONAL RESTAURANT BRAND | DARDEN RESTAURANTS
- HIGH-VISIBILITY LOCATION | STRONG TRAFFIC & ACCESS
Executive Summary
CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this brand-new, 6,489-square-foot Olive Garden located in Oregon, Ohio, within the Toledo MSA. The property is situated on a 1.35-acre pad site and is secured by a 10-year corporately guaranteed NNN ground lease with Olive Garden Holdings, LLC, a subsidiary of Darden Restaurants, Inc. (NYSE: DRI), featuring built-in rental escalations of 10% every 5 years throughout the base term and option periods.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Building Size
6,489 SF
Year Built
2026
Construction Status
Under Construction
Price
$2,621,359
Price Per SF
$403.97
Cap Rate
5.15%
NOI
$135,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.35 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Olive Garden
- -
- -
- -
- Nov 2036
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Olive Garden | - | - | - | Nov 2036 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
1 of 7
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