2767 Legends Pky
Prattville, AL 36066
Olive Garden (Sale Leaseback) · Retail Property For Sale

The Boulder Group is pleased to exclusively market for sale a single tenant Olive Garden sale-leaseback located in Prattville, Alabama, within the Montgomery MSA. Olive Garden has successfully operated at this location since 2008, establishing nearly two decades of proven operating history at the site. The proposed lease will feature a 10-year primary term with 10% rental escalations every ?ve years and four 5-year renewal options. The absolute NNN structure leaves the landlord with zero property-level responsibilities. Additionally, the lease is with GMRI, Inc., a wholly owned subsidiary of Darden Restaurants, Inc. (NYSE: DRI), which carries an investment-grade BBB credit rating from S&P. This is a rare opportunity to acquire a fee simple Darden restaurant concept, allowing the future landlord to take advantage of depreciation.
The 7,814 square-foot building sits on an outparcel to Prattville Town Center, Prattville’s primary retail destination. The property offers direct access to Interstate 65 at Exit 179 (Cobbs Ford Road / U.S. 82), the primary commercial interchange serving Prattville, which carries approximately 70,000 vehicles per day. It bene?ts from its location within a dense retail corridor that also includes High Point Town Center and is anchored by national brands including Target, The Home Depot, Publix, Best Buy, Bass Pro Shops, Lowe’s Home Improvement, Kohl’s, ALDI, and Walmart Supercenter, among many others. Approximately 53,000 residents live within a ?ve-mile radius of the property, with average household income exceeding $105,000 within three miles. Prattville ranks among the fastest-growing cities in the Montgomery MSA, with its population up approximately 6% since the 2020 Census.
Olive Garden, founded in 1982 in Orlando, FL, is a popular American restaurant chain renowned for its generous portions of Italian American cuisine and unlimited soup, salad, and breadsticks. Now headquartered in Orlando, FL, it operates more than 900 restaurants across the United States and select international markets. The chain is owned by Darden Restaurants, Inc. (NYSE: DRI), the world’s largest company-owned and operated full-service restaurant group. The chain is known for its fresh, homemade pastas and sauces prepared daily, along with a menu that includes classic entrees, soups, salads, and signature items such as the Tour of Italy, Chicken Alfredo, and Chicken Parmigiana. Today Olive Garden ranks as one of the largest and strongest-performing casual dining chains in the United States and remains Darden’s ?agship brand.