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Olive Garden 4010 Interstate 30 7,831 SF Retail Building Caddo Mills, TX 75135 $4,333,000 ($553.31/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- New 10-year absolute NNN ground lease to Olive Garden, a Darden Restaurants brand operating 900+ locations, delivering reliable income (NYSE: “DRI”).
- Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
- In Q4 2025, Olive Garden has seen same-restaurant sales jump 6.9%, outpacing the broader Darden system.
- 10% rental increases every five years deliver steady growth through the initial term and four (4) five year options.
- Darden Restaurants (NYSE: DRI) saw a 12% stock price surge in Q1 2025, underscoring Olive Garden’s robust market position.
- Darden recently authorized a $1 billion share repurchase program, underpinned by Olive Garden’s strong cash flow.
EXECUTIVE SUMMARY
High-visibility location at the signalized intersection of Monty Stratton Parkway & Interstate 30 Frontage Road, offering ideal accessibility.
Brand-new 2025 construction built to the latest Olive Garden prototype.
The fifteen-mile radius serves a populous region, with 55% growth since 2010 and an average annual household income of $106,893.
The property is surrounded by a vibrant mix of local and national retailers that drive Greenville’s primary economic activity, including Walmart Supercenter, Lowe’s Home Improvement, The Home Depot, Academy Sports + Outdoors, Belk, and many more.
Absolute NNN ground lease structure transfers maintenance and expense obligations to tenant, including roof, structure, and parking lot.
Projected population and income increases within 5-, 10-, and 15-mile radii over the next five years poise this Olive Garden and Greenville for steady concurrent growth.
Brand-new 2025 construction built to the latest Olive Garden prototype.
The fifteen-mile radius serves a populous region, with 55% growth since 2010 and an average annual household income of $106,893.
The property is surrounded by a vibrant mix of local and national retailers that drive Greenville’s primary economic activity, including Walmart Supercenter, Lowe’s Home Improvement, The Home Depot, Academy Sports + Outdoors, Belk, and many more.
Absolute NNN ground lease structure transfers maintenance and expense obligations to tenant, including roof, structure, and parking lot.
Projected population and income increases within 5-, 10-, and 15-mile radii over the next five years poise this Olive Garden and Greenville for steady concurrent growth.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
7,831 SF
Building Class
C
Year Built
2025
Price
$4,333,000
Price Per SF
$553.31
Cap Rate
5.50%
NOI
$238,275
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.86 AC
Parking
133 Spaces (16.98 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 130496 | Improvements Assessment | $0 |
| Land Assessment | $132,130 | Total Assessment | $132,130 |
PROPERTY TAXES
Parcel Number
130496
Land Assessment
$132,130
Improvements Assessment
$0
Total Assessment
$132,130
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Olive Garden | 4010 Interstate 30
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