904 Scott Dr - Restaurant FOR SALE
Piqua, OH 45356 |
904 Scott Dr
Piqua, OH 45356
HIGHLIGHTS
- Just Reduced!! Corp. 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: Darden Over 2,165 Restaurants and Revenue of $11.8 Billion | Unique Ground Lease Structure Allowing for Significant Asset Depreciation
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Reduced! New 10 Yr Olive Garden | Below Mkt
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Freestanding, Storefront
TOTAL BUILDING SIZE
6500
STORIES
1
YEAR BUILT
2026
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
N44101816,N44101818
