Olive Garden

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Olive Garden

4403 Blackhorse Pike Mays Landing NJ Atlantic County

Sales Price: $3,108,473

Cap Rate: 5.50%

Contact Person(s): Daniel Kukes
Maxwell Lippitt
Kevin Baker
Jason Greenspan

Description:

GROUND LEASE

  • Zero Landlord Responsibilities. Tenant is responsible for all property expenses including Taxes, Insurance, CAM, and Roof & Structure.

STRONG NATIONAL TENANT

  • This location’s lease is backed by GMRI, INC (Darden’s corporate entity behind the majority of its Olive Garden’s locations). Olive Garden is one of the country’s leading national restaurant chain with 1,200+ locations and $1.99B in annual revenue.

NEW LEASE RENEWALS

  • Olive Garden recently exercised two consecutive lease renewals which gives them 10+ years of term remaining on their lease.

Building Size: 9,187 SF

Lot Size: 20,000 SF

Tenant Roster: Olive Garden

Demographic Info:

Radius: 1 MIle 3 Mile 5 Mile
Population Density: 5,815 21,149 46,100
Avg. HH Income: $79,689 $85,721 $89,181
Daytime Population: 3,952 16,172 24,725

LANDMARK INVESTMENT SALES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.