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Olive Garden 5727 Beckley Rd 7,828 SF Retail Building Battle Creek, MI 49015 $1,545,400 ($197.42/SF) 5.50% Cap Rate
Investment Highlights
- 10-Year Absolute NNN Ground Lease with Corporate Guaranty
- Brand New Construction; Tenant Opened June 2025
- Over 12,600 Monthly Visits, Ranking in the 90th Percentile for Local Visits within the Restaurants Category per Placer.ai
- Massive 2.7 Acre Lot
- Only Olive Garden Restaurant within 23 Mile Radius
- Outparcel to Lakeview Square Mall, a +315K SF Shopping Center with 2.4MM Annual Visits Per Placer.ai
Executive Summary
This newly constructed Olive Garden in Battle Creek, MI offers a brand new 10-year absolute NNN corporate-guaranteed ground lease with four 5-year renewal options and 10% increases every 5 years. The tenant opened June 2025 and occupies a massive 2.71-acre lot.
An outparcel to Lakeview Square Mall, a +315k SF shopping center with 2.4MM annual visits, the Olive Garden has experienced +12,600 monthly visits ranking in the 90th percentile for Local Visits within the “Restaurants” category, per Placer.ai. This is the only Olive Garden within a 23-mile radius and provides immediate access to I-94 (+47,500 VPD) with premier visibility and frontage at the intersection of Beckley Rd and M-66 (+47,500 VPD combined).
The site is located in a concentrated retail trade area, adjacent to Walmart Supercenter, Lowe’s Home Improvement, Target, Sam’s Club, Petco, Kohl’s, ALDI and more. The surrounding area is densely populated with +1,900 multi-family units in a 1 mile radius and +1,000 hotel rooms in a 1.5 mile radius.
Battle Creek, MI has been the longtime headquarters of Kelloggs, with key economic drivers of manufacturing, healthcare, education and food processing. The MSA had a population in 2024 of approximately 134,000 residents.
Watch Property Video: https://vimeo.com/1134630691
An outparcel to Lakeview Square Mall, a +315k SF shopping center with 2.4MM annual visits, the Olive Garden has experienced +12,600 monthly visits ranking in the 90th percentile for Local Visits within the “Restaurants” category, per Placer.ai. This is the only Olive Garden within a 23-mile radius and provides immediate access to I-94 (+47,500 VPD) with premier visibility and frontage at the intersection of Beckley Rd and M-66 (+47,500 VPD combined).
The site is located in a concentrated retail trade area, adjacent to Walmart Supercenter, Lowe’s Home Improvement, Target, Sam’s Club, Petco, Kohl’s, ALDI and more. The surrounding area is densely populated with +1,900 multi-family units in a 1 mile radius and +1,000 hotel rooms in a 1.5 mile radius.
Battle Creek, MI has been the longtime headquarters of Kelloggs, with key economic drivers of manufacturing, healthcare, education and food processing. The MSA had a population in 2024 of approximately 134,000 residents.
Watch Property Video: https://vimeo.com/1134630691
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,828 SF
Building Class
B
Year Built
2025
Price
$1,545,400
Price Per SF
$197.42
Cap Rate
5.50%
NOI
$85,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.71 AC
Zoning
M-66
Frontage
447’ on Beckley Road
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Olive Garden began in 1982 in Orlando, Florida, as an American casual dining chain focused on Italian-American cuisine. The business started as a unit of General Mills and later became part of Darden Restaurants, which now includes Olive Garden among its full-service dining brands. The company centers its menu and dining experience on family-style service, with breadsticks, garden salad, soups, sauces, and other Italian-inspired dishes. Olive Garden serves guests through a broad restaurant network in the United States and select international markets.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0625-48-500-1 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $887,500 |
Property Taxes
Parcel Number
0625-48-500-1
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$887,500
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Olive Garden | 5727 Beckley Rd
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