1650 US Highway 181 | Portland, TX 78374
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- LoopNet Team
1650 US Highway 181
Portland, TX 78374
Olive Garden Italian Restaurant · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 10-year absolute NNN ground lease with Olive Garden, a Darden Restaurants (S&P Rated: “BBB”) brand operating 900+ locations
- Tenant covers all expenses, including taxes, insurance, and maintenance, ensuring a hands-off investment for owners.
- Darden Restaurants, parent of Olive Garden and Cheddar’s, has signed an exclusive multi-year deal with Uber for on-demand delivery.
- Reliable income with 10% rental increases every five year
- Darden Restaurants (NYSE: “DRI”) saw a 12% stock price surge last quarter, underscoring Olive Garden’s robust market position
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,825 SF
Building Class
C
Year Built
2025
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
2.18 AC
Parking
133 Spaces (17 Spaces per 1,000 SF Leased)
Frontage
421’ on U.S. 181 Frontage
PROPERTY TAXES
| Parcel Number | 42269 | Improvements Assessment | $894,128 |
| Land Assessment | $1,259,921 | Total Assessment | $2,154,049 |
PROPERTY TAXES
Parcel Number
42269
Land Assessment
$1,259,921
Improvements Assessment
$894,128
Total Assessment
$2,154,049
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