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311 N Clark Rd
Cedar Hill, TX 75104
Olive Garden | New 10yr Corp Abs NNN · Retail Property For Sale
Investment Highlights
- Brand New 10-Year Lease | Options To Extend |Scheduled Rental Increases
- Signalized, Hard-Corner Intersection (51,000 VPD) | Excellent Visibility | Significant Street Frontage | Large Pylon Sign
- Direct, Affluent Consumer Base | Strong Demographics In 5-Mile Trade Area
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Outparcel to Haverty Furniture | Retail Corridor | Strong National/Credit Tenant Presence
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, Olive Garden investment property located in Cedar Hill, Texas (Dallas MSA). 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 of the initial term and at the beginning of each option period, steadily 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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,496 SF
Building Class
B
Year Built
2026
Price
$3,930,370 CAD
Price Per SF
$605.04 CAD
Cap Rate
5%
NOI
$196,518 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.47 AC
Zoning
LR - Local Retail District
Parking
49 Spaces (7.54 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
Property Taxes
| Parcel Number | 160128300C02R0000 | Improvements Assessment | $580,763 CAD |
| Land Assessment | $1,104,869 CAD | Total Assessment | $1,685,632 CAD |
Property Taxes
Parcel Number
160128300C02R0000
Land Assessment
$1,104,869 CAD
Improvements Assessment
$580,763 CAD
Total Assessment
$1,685,632 CAD
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