4467 S Laburnum Ave
Richmond, VA 23231
Olive Garden · Retail Property For Sale

The Olive Garden property is strategically located in a regionally dominant retail corridor. The property is located along Laburnum Avenue (34,000 VPD) with excellent frontage and is easily accessible. The property is also located immediate off of Interstate 64 (64,000 VPD). The Olive Garden is ideally positioned as an outparcel to White Oak Village, a 55 store shopping centered anchored by Target, Lowe’s, JCPenney and Publix. Other retailers in the immediate area include Walmart Supercenter, 7-Eleven, Kroger, Walgreens, Wawa and AT&T. There are also numerous hotels in the area due to the property’s close proximity to Richmond International Airport. There are 135,967 people living within five miles of the property. There will be five years remaining on the corporately guaranteed Olive Garden lease upon close of escrow. The lease will feature 1.5% annual rental escalations and require no landlord responsibilities. Additionally, there will be six 5-year renewal option periods. The 7,391 SF Olive Garden property features a low rent per square of $13.53.