582 N Lone Hill Ave - Restaurant FOR SALE


San Dimas, CA 91773- Bonita
$4,450,000 USD
562-665-1199
582 N Lone Hill Ave, San Dimas, CA for Sale
$4,450,000 USD
Restaurant - FOR SALE
1/5
null | 4.94% Cap Rate

582 N Lone Hill Ave
San Dimas, CA 91773
Bonita


HIGHLIGHTS

  • Single Tenant Absolute NNN Lease
  • Costco-anchored Pad Site
  • Corporate Guarantee By GMRI Inc
  • Zero Landlord Responsibilities
  • Ideally Positioned Near The 57 and 210 Freeways
  • Fee Simple Ownership

OVERVIEW

Lee & Associates – Orange is pleased to present the opportunity to acquire a single-tenant, absolute net-leased Olive Garden restaurant located in San Dimas, California. The property is situated on a pad site within a high-traffic, Costco-anchored shopping center and consists of approximately 7,437 square feet of building area on two separate parcels totaling approximately 1.51 acres of land. The property is being offered at $4.45 million, representing a 4.95% cap rate on $220,000 of net operating income. The lease is corporately guaranteed by GMRI, Inc., a wholly owned subsidiary of Darden Restaurants, Inc., a publicly traded company (NYSE: DRI) with an approximate $23 billion market capitalization. The Olive Garden is a strong sales location, ideally positioned near the Interstate 57 and 210 Freeways and within a highly trafficked retail center featuring numerous national and major regional tenants. The property is structured as an absolute triple net lease, providing investors with zero landlord responsibilities. This offering provides investors with passive income backed by a nationally recognized restaurant brand and a strong corporate guarantor in a prime retail location.

FOR SALE DETAILS

PRICE

$4,450,000 USD

PRICE/SF

$590 USD /SF

CAP RATE

4.94%

% 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

2012

SPRINKLERS

-

PARKING SPACES

97

LAND DETAILS

LAND ACRES

1.52 AC

LAND SF

66,011 SF

ZONING

-

APN/PARCEL ID

8383-009-090

ASK ABOUT THIS PROPERTY

John SonLee & Associates Commercial Real Estate ServiceMore Info
562-665-1199

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John SonLee & Associates Commercial Real Estate ServiceMore Info
562-665-1199

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