Orlando, FL - Olive Garden

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in a NNN leased, Olive Garden investment property located in Orlando, Florida. The tenant, Olive Garden, has operated at this location for over 30 years and has 3 years of term remaining with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 11% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

The subject property is located near the signalized, hard corner intersection of W Colonial Dr and N Hiawassee Rd, which combine to average 71,500 vehicles passing by daily. The asset benefits from its proximity to State Highway 408, which sees 98,000 VPD. The Olive Garden is an outparcel to West Colonial Oaks shopping center, a Home Depot-anchored center that also features national/credit tenants including Ollie’s Bargain Outlet, SuperFresh Market, Family Dollar, and 7 Brew. In addition, the subject property is also across from Highland Lakes Center, which includes tenants such as Burlington, Marshalls, Ross, Chili’s, Dollar Tree, and many others. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart, Sam’s Club, Lowe’s, Publix, McDonald’s, Taco Bell, Dunkin’, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 273,000 residents and 96,100 employees with an average household income of $94,800.

---

Report Listing This listing was syndicated through:

Listing ID: a28TP000002oodBYAQ