Russellville, AR - Olive Garden

Description:

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding Olive Garden investment property located in Russellville, Arkansas. The tenant, Olive Garden Holdings, LLC recently signed a brand new 10-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. The property is slated to open for business in mid November 2025.

The property is located along E Main St, which averages 24,000 vehicles passing by daily and is a major retail thoroughfare serving the city of Russellville. The building benefits from excellent visibility via significant street frontage along E Main St. Additionally, the site features brand new construction and has a state-of-the-art design using high quality materials. The asset is less than a mile west of Valley Park Centre, a 309,000 square foot shopping center with major tenants including Hobby Lobby, T.J. Maxx, Belk, Ross Dress for Less, and more. Furthermore, Olive Garden is located just east of Russellville City Mall, a 102,000 square foot shopping center anchored by Price Break and Planet Fitness. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Lowe’s Home Improvement, Kroger, Dollar General, and more, further increasing consumer traffic to the site. Strong tenant synergy promotes crossover shopping to the subject property. The 5-mile trade area is supported by a population of over 41,700 with an average household income of $76,812.

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