2810 Navarre Ave - Restaurant FOR SALE


Oregon, OH 43616
$2,621,359 USD
215-603-6914
2810 Navarre Ave, Oregon, OH for Sale
$2,621,359 USD
Restaurant - FOR SALE
1/6
null | 5.15% Cap Rate

2810 Navarre Ave
Oregon, OH 43616


HIGHLIGHTS

  • DARDEN-BACKED CREDIT | CONTRACTUAL RENT GROWTH | PASSIVE NNN STRUCTURE
  • BRAND-NEW CONSTRUCTION OLIVE GARDEN | CORPORATE GUARANTEE
  • ATTRACTIVE GROUND RENT | STRONG RESIDUAL REAL ESTATE FUNDAMENTALS
  • PREMIER NATIONAL RESTAURANT BRAND | DARDEN RESTAURANTS
  • STRATEGIC PAD SITE | PREMIER RETAIL CORRIDOR
  • HIGH-VISIBILITY LOCATION | STRONG TRAFFIC & ACCESS

OVERVIEW

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this brand-new, 6,489-square-foot Olive Garden located in Oregon, Ohio, within the Toledo MSA. The property is situated on a 1.35-acre pad site and is secured by a 10-year corporately guaranteed NNN ground lease with Olive Garden Holdings, LLC, a subsidiary of Darden Restaurants, Inc. (NYSE: DRI), featuring built-in rental escalations of 10% every 5 years throughout the base term and option periods.

FOR SALE DETAILS

PRICE

$2,621,359 USD

PRICE/SF

$404 USD /SF

CAP RATE

5.15%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Olive Garden | Oregon, OH

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,806 SF

ZONING

40-C4

APN/PARCEL ID

44-24061

ASK ABOUT THIS PROPERTY

Matthew GormanCBRE, Inc.More Info
215-603-6914

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Matthew GormanCBRE, Inc.More Info
215-603-6914

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