904 Scott Dr - Restaurant FOR SALE


Piqua, OH 45356
$3,205,000 USD
440-915-7902
904 Scott Dr, Piqua, OH for Sale
$3,205,000 USD
Restaurant - FOR SALE
1/8
null | 5.15% Cap Rate

904 Scott Dr
Piqua, OH 45356


HIGHLIGHTS

  • Corporately Backed, Single-Tenant Net Lease | High-Profile, Investment Grade, Publicly-Traded Olive Garden(NYSE: DRI (Darden)/S&P “BBB”/Moody’s “Baa2"
  • Brand-New Construction: Anticipated Opening in December, 2025 with Rental Rates Approximately 60% Below Market Comparables!
  • Full 10 Years of Term Remaining (No Early Termination Rights) | Ideal Absolute NNN Lease | 10% Increase in Year-6, Along w/ (6)5-Year Option Periods
  • Ideal Demographics with Average Household Incomes of Approx. $80,000 (5 Mile Radius) & Directly Off Major Highway (I-75) with 76k+ Vehicles Per Day
  • Redeveloped Oversized (1.53-Acre) Parcel with Adjacent, Brand-New Hampton Inn and Brand-New Chipotle for Continued Increased Foot Traffic
  • Strong Tenancy: Backed by Darden with Over 2,165 Restaurants and Revenue of $11.8 Billion

OVERVIEW

• Corporately Backed, Single-Tenant Location with High-Profile, Investment Grade, Publicly-Traded Olive Garden (NYSE: DRI (Darden)/S&P “BBB”/Moody’s “Baa2”): Brand-New Lease with a Full 10 Years of Term Remaining (No Early Termination Rights) • Brand-New Construction: Anticipated Opening in December, 2025 with Rental Rates Approximately 60% Below Market Comparables! • Ideal Absolute NNN Lease Structure with 10% Rental Increase in Year-6, Along with (6) 5-Year Option Periods with Increases • Redeveloped Oversized (1.53-Acre) Parcel with Adjacent, Brand-New Hampton Inn and Brand-New Chipotle for Continued Increased Foot Traffic • Ideal Demographics with Average Household Incomes of Approx. $80,000 (5 Mile Radius) in a Growing Residential Community with Emerging Employers, Commuter Traffic and Strategic Location Equidistant from Both Major Cities, Cincinnati and Columbus, Ohio • Strong Tenancy: Backed by Darden with Over 2,165 Restaurants and Revenue of $11.8 Billion • Positioned with Excellent Access and Visibility Along Piqua’s Main Roadway (US 36) and Directly Adjacent to Major Highway I-75, with Over 76,000 VPD Surrounding the Property • Latest Olive Garden “Prototype Look” Including Highly Visible Pylon Signage • Sits Across from Kettering Health Piqua, Premier Health Women’s Center, Numerous Other Medical Offices, Insurance Agencies, Social Security Administration and Board of Education Office Drawing Traffic to the Corridor • Largest Single Site Employer in Ohio: Home to Wright-Patterson Air Force Base with 30,000 Airmen, Civilian and Contractor Employees • Direct Vicinity of Home Depot/Miami Valley Crossing Shopping Center and Walmart Supercenter in Main Retail Corridor Surrounded by Loads of Other Complimentary Retailers • Dayton Rated #3 City in the Nation Out of the Top 50 Cities in the United States by HealthGrades for “Excellence in Health Care,” Site Selection Magazine Ranked Dayton the “#1 Medium Sized MSA in the U.S. for Economic Development” and According to Bloomberg Businessweek, “Dayton is One of the Best Places in the U.S. for College Graduates to Find a Job” • Direct Vicinity of Large Population Base: Over One Million People in the Greater Dayton Area and Only 22 Miles to Dayton International Airport

FOR SALE DETAILS

PRICE

$3,205,000 USD

PRICE/SF

$493 USD /SF

CAP RATE

5.15%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brand New 10 Yr Olive Garden | Below Mkt Rent

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.53 AC

LAND SF

66,647 SF

ZONING

-

APN/PARCEL ID

N44101816,N44101818

ASK ABOUT THIS PROPERTY

Dan CooperCooper Commercial Investment GroupMore Info
440-915-7902

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Dan CooperCooper Commercial Investment GroupMore Info
440-915-7902

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