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New "BBB" Credit Darden Rest. Opening Soon! 904 Scott Dr 6,500 SF 4-Star Retail Building Piqua, OH 45356 $3,085,000 ($474.62/SF) 5.35% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New S&P "BBB" Investment Grade Tenant (Corporate Lease with Darden- NYSE: DRI) Opening January 2026
- Full 10 Years of Term Remaining (No Early Termination Rights)| Ideal Absolute NNN Lease | 10% Increase in Year-6, Along with (6) 5-Year Option Periods
- Oversized (1.53-Acre) Parcel with Adjacent, Brand-New Hampton Inn and Brand-New Chipotle for Continued Increased Foot Traffic
- Brand-New Construction: Anticipated Opening in January 2026 with Rental Rates Approximately 60% Below Market Comparables!
- Ideal Demographics with Average Household Incomes of Approx. $80,000 (5 Mile Radius) & Directly Off Major Highway (I-75) with 76k+ Vehicles Per Day
- Strong Tenancy: Darden Over 2,165 Restaurants and Revenue of $11.8 Billion | Unique Ground Lease Structure Allowing for Significant Asset Depreciation
EXECUTIVE SUMMARY
• Brand New S&P "BBB" Investment Grade Tenant (Corporate Lease with Darden - NYSE: DRI ) Opening January 2026
• Corporately Backed, Single-Tenant Location with High-Profile, Investment Grade, Publicly-Traded Olive Garden (NYSE: DRI (Darden)/S&P “BBB”/Moody’s “Baa2”): Brand- New Lease with a Full 10 Years of Term Remaining (No Early Termination Rights)
• Brand-New Construction: Anticipated Opening in December, 2025 with Rental Rates Approximately 60% Below Market Comparables!
• Ideal Absolute NNN Lease Structure with 10% Rental Increase in Year-6, Along with (6) 5-Year Option Periods with Increases
• Unique Ground Lease Structure Allowing for Significant Asset Depreciation
• Redeveloped Oversized (1.53-Acre) Parcel with Adjacent, Brand-New Hampton Inn and Brand-New Chipotle for Continued Increased Foot Traffic
• Ideal Demographics with Average Household Incomes of Approx. $80,000 (5 Mile Radius) in a Growing Residential Community with Emerging Employers, Commuter Traffic and Strategic Location Equidistant from Both Major Cities, Cincinnati and Columbus, Ohio
• Strong Tenancy: Backed by Darden with Over 2,165 Restaurants and Revenue of $11.8 Billion
• Positioned with Excellent Access and Visibility Along Piqua’s Main Roadway (US 36) and Directly Adjacent to Major Highway I-75, with Over 76,000 VPD Surrounding the Property
• Latest Olive Garden “Prototype Look” Including Highly Visible Pylon Signage
• Sits Across from Kettering Health Piqua, Premier Health Women’s Center, Numerous Other Medical Offices, Insurance Agencies, Social Security Administration and Board of Education Office Drawing Traffic to the Corridor
• Largest Single Site Employer in Ohio: Home to Wright-Patterson Air Force Base with 30,000 Airmen, Civilian and Contractor Employees
• Direct Vicinity of Home Depot/Miami Valley Crossing Shopping Center and Walmart Supercenter in Main Retail Corridor Surrounded by Loads of Other Complimentary Retailers
• Dayton Rated #3 City in the Nation Out of the Top 50 Cities in the United States by HealthGrades for “Excellence in Health Care,” Site Selection Magazine Ranked Dayton the “#1 Medium Sized MSA in the U.S. for Economic Development” and According to Bloomberg Businessweek, “Dayton is One of the Best Places in the U.S. for College Graduates to Find a Job”
• Direct Vicinity of Large Population Base: Over One Million People in the Greater Dayton Area and Only 22 Miles to Dayton International Airport
• Corporately Backed, Single-Tenant Location with High-Profile, Investment Grade, Publicly-Traded Olive Garden (NYSE: DRI (Darden)/S&P “BBB”/Moody’s “Baa2”): Brand- New Lease with a Full 10 Years of Term Remaining (No Early Termination Rights)
• Brand-New Construction: Anticipated Opening in December, 2025 with Rental Rates Approximately 60% Below Market Comparables!
• Ideal Absolute NNN Lease Structure with 10% Rental Increase in Year-6, Along with (6) 5-Year Option Periods with Increases
• Unique Ground Lease Structure Allowing for Significant Asset Depreciation
• Redeveloped Oversized (1.53-Acre) Parcel with Adjacent, Brand-New Hampton Inn and Brand-New Chipotle for Continued Increased Foot Traffic
• Ideal Demographics with Average Household Incomes of Approx. $80,000 (5 Mile Radius) in a Growing Residential Community with Emerging Employers, Commuter Traffic and Strategic Location Equidistant from Both Major Cities, Cincinnati and Columbus, Ohio
• Strong Tenancy: Backed by Darden with Over 2,165 Restaurants and Revenue of $11.8 Billion
• Positioned with Excellent Access and Visibility Along Piqua’s Main Roadway (US 36) and Directly Adjacent to Major Highway I-75, with Over 76,000 VPD Surrounding the Property
• Latest Olive Garden “Prototype Look” Including Highly Visible Pylon Signage
• Sits Across from Kettering Health Piqua, Premier Health Women’s Center, Numerous Other Medical Offices, Insurance Agencies, Social Security Administration and Board of Education Office Drawing Traffic to the Corridor
• Largest Single Site Employer in Ohio: Home to Wright-Patterson Air Force Base with 30,000 Airmen, Civilian and Contractor Employees
• Direct Vicinity of Home Depot/Miami Valley Crossing Shopping Center and Walmart Supercenter in Main Retail Corridor Surrounded by Loads of Other Complimentary Retailers
• Dayton Rated #3 City in the Nation Out of the Top 50 Cities in the United States by HealthGrades for “Excellence in Health Care,” Site Selection Magazine Ranked Dayton the “#1 Medium Sized MSA in the U.S. for Economic Development” and According to Bloomberg Businessweek, “Dayton is One of the Best Places in the U.S. for College Graduates to Find a Job”
• Direct Vicinity of Large Population Base: Over One Million People in the Greater Dayton Area and Only 22 Miles to Dayton International Airport
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,500 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2026
Construction Status
Under Construction
Price
$3,085,000
Price Per SF
$474.62
Cap Rate
5.35%
NOI
$165,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.53 AC
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Restaurant
- Security System
- Signage
- Signalized Intersection
- Monument Signage
- Air Conditioning
- Smoke Detector
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Olive Garden (Darden S&P "BBB" Credit Investment)
- -
- 6,500 SF
- -
- Triple Net
- Feb 2035
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Olive Garden (Darden S&P "BBB" Credit Investment) | - | 6,500 SF | - | Triple Net | Feb 2035 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $37,280 | Total Assessment | $37,280 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$37,280
Improvements Assessment
$0
Total Assessment
$37,280
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New "BBB" Credit Darden Rest. Opening Soon! | 904 Scott Dr
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