4467 S Laburnum Ave - Restaurant FOR SALE
Richmond, VA 23231 |
$2,035,891 USD
301-233-4713
4467 S Laburnum Ave
Richmond, VA 23231
HIGHLIGHTS
- Absolute NNN ground lease with no landlord responsibilities for a truly passive investment.
- 1.5% annual rent increases provide consistent income growth and inflation protection.
- In-place rent of $14.79/SF is well below market, offering long-term upside.
- Tenant has operated at this location for over 15 years with 23,681 monthly visits.
- Lease guaranteed by Darden Restaurants (NYSE: DRI), investment-grade BBB credit.
- ±5 years remaining on primary term plus five 5-year renewal options for income continuity.
FOR SALE DETAILS
PRICE
$2,035,891 USD
PRICE/SF
$275 USD /SF
CAP RATE
5.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Olive Garden
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2010
SPRINKLERS
-
PARKING SPACES
102
LAND DETAILS
LAND ACRES
1.68 AC
LAND SF
73,224 SF
ZONING
B-3C
APN/PARCEL ID
815-717-1615
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301-233-4713
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301-233-4713
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