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Corporate Olive Garden 1716 S 46th St 7,329 SF Retail Building Rogers, AR 72758 $4,081,272 ($556.87/SF) 5.75% Cap Rate

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INVESTMENT HIGHLIGHTS

Absolute NNN Lease with Rental Escalations
Olive Garden is the Largest Italian restaurant chain with over 875 locations
159,836+ residents within 5 miles, just miles from Walmart's headquarters, and affluent with an average family income of over $129,445

Corporately Guaranteed Lease—Olive garden is a subsidiary of Darden Restaurants, “BBB” S&P Rating
Strong Store Sales Reported at Location, Very Healthy Rent-to-Sales Ratio – demonstrating a strong market and location
Nearby tenants include Home Depot, Target, Walgreens, Starbucks, Best Buy, Red Lobster, Einstein Bros, and others in a dense retail corridor.

EXECUTIVE SUMMARY

Triple Net Investment Group is proud to present the Olive Garden located on 1716 S 46th St, Rogers, AR. The Tenant Olive Garden initially signed a 15 year NNN Lease which Commenced on August 2015, leaving over 5 years remaining on the lease. The Olive Garden is situated on 1.84 Acres of land and has a building size of 7,329 Sq ft. This location features strong demographics with an estimate of 134,630 population and 49,311 Household count in a 5 miles radius. Also an Average Household income of $129,455 - in a 1 mile radius. This dense retail corridor has many national tenants such as Home Depot, Target, Walgreens, Starbucks, Best Buy, Red Lobster, Einstein Bros, and many more.
In association with Broker of Records
Wes Martin
Hathaway Group
2100 Riverdale Rd #2100
Little Rock, AR 72202

Olive-Garden-Rogers-AR-Final4

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Restaurant

Building Size

7,329 SF

Building Class

Year Built

2007

Price

$4,081,272

Price Per SF

$556.87

Cap Rate

5.75%

NOI

$234,474

Tenancy

Single

Building Height

1 Story

Building FAR

0.09

Lot Size

1.84 AC

MAJOR TENANTS

Accommodation and Food Services
-
-
Aug 2030

Founded in 1982, Olive Garden is owned by Darden Restaurants, Inc. (NYSE:DRI), the world's largest company-owned and operated full-service restaurant company. Olive Garden is the leading restaurant in the Italian casual dining segment. Italy serves as the inspiration for the brand, from its menus to its award-winning wine list to the Tuscan farmhouse design of its restaurants. Most of all, Olive Garden is inspired by the warmth and genuine hospitality of the Italian people, as well as the importance of family in their culture. This passion for Italy led to the establishment of Olive Garden's Culinary Institute of Tuscany in 1999.