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Olive Garden Ground Lease 8225 Northlake Commons Blvd 7,641 SF Retail Building Charlotte, NC 28216 $3,379,000 ($442.22/SF) 5.85% Cap Rate
Investment Highlights
- Absolute net ground lease | Zero landlord responsibilities
- Explosive population growth within 1-mile | 99.71% from 2010-2025
- Attractive population density within a 5-mile radius | 152,387 residents
- Investment grade credit | BBB/Baa2 | Stable performance | Corporate lease | Darden Restaurants, Inc. | 2,100 casual dining locations across the U.S.
- Affluent surrounding area | $106,773 average household income within a 3-mile radius
- Located within a dense retail corridor | 3.1M SF within a 2-mile radius
Executive Summary
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Olive Garden in Charlotte, NC. We welcome your review of this attractive investment.
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,641 SF
Building Class
B
Year Built
2005
Price
$3,379,000
Price Per SF
$442.22
Cap Rate
5.85%
NOI
$197,654
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
2.25 AC
Zoning
Commercial
Parking
145 Spaces (18.98 Spaces per 1,000 SF Leased)
Frontage
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 025-091-34 | Improvements Assessment | $1,207,300 |
| Land Assessment | $2,164,100 | Total Assessment | $3,371,400 |
Property Taxes
Parcel Number
025-091-34
Land Assessment
$2,164,100
Improvements Assessment
$1,207,300
Total Assessment
$3,371,400
Contacts
-
Ransome Foose -
Carl Brendes -
Quinn O'Donnell -
Matt Sagehorn -
Berkeley Capital Advisors
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Olive Garden Ground Lease | 8225 Northlake Commons Blvd
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