191 Saint Mark Ave - Restaurant FOR SALE


Selma, NC 27576
$3,900,000 USD
248-688-0630
191 Saint Mark Ave, Selma, NC for Sale
$3,900,000 USD
Restaurant - FOR SALE
1/9
null | 5% Cap Rate

191 Saint Mark Ave
Selma, NC 27576


HIGHLIGHTS

  • Passive investment structure with minimal management requirements.
  • New 10-year NNN ground lease with Olive Garden, including four 5-year extension options.

OVERVIEW

This offering represents a rare opportunity to acquire the leased fee interest in a newly constructed Olive Garden location in Selma, North Carolina. The property benefits from a brand-new, 10-year triple net (NNN) ground lease that commenced in February 2026 with Olive Garden, a credit-rated tenant backed by a corporate guarantee. The lease includes 10% rental increases every five years and during each option period, providing consistent income growth and a strong inflation hedge over the full term. Additionally, the lease structure limits landlord responsibilities, offering a truly passive investment vehicle for long-term stability.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$600 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Olive Garden

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

125

LAND DETAILS

LAND ACRES

1.91 AC

LAND SF

83,200 SF

ZONING

IB

APN/PARCEL ID

12M12004V

ASK ABOUT THIS PROPERTY

Michael CarterSRS Real Estate PartnersMore Info
248-688-0630

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Michael CarterSRS Real Estate PartnersMore Info
248-688-0630

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.