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Olive Garden 4467 S Laburnum Ave 7,391 SF Retail Building Richmond, VA 23231 $2,783,531 CAD ($376.61 CAD/SF) 5.25% Cap Rate

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Investment Highlights

  • Absolute NNN ground lease with no landlord responsibilities for a truly passive investment.
  • In-place rent of $14.79/SF is well below market, offering long-term upside.
  • Lease guaranteed by Darden Restaurants (NYSE: DRI), investment-grade BBB credit.
  • 1.5% annual rent increases provide consistent income growth and inflation protection.
  • Tenant has operated at this location for over 15 years with 23,681 monthly visits.
  • ±5 years remaining on primary term plus five 5-year renewal options for income continuity.

Executive Summary

Broker of Record
Kyle Matthews
License # 226035518, 225225982 (VA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500 Nashville, TN 37203
(866) 889-0550

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,391 SF
Building Class
B
Year Built
2010
Price
$2,783,531 CAD
Price Per SF
$376.61 CAD
Cap Rate
5.25%
NOI
$146,135 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.68 AC
Zoning
B-3C
Parking
102 Spaces (13.8 Spaces per 1,000 SF Leased)
Frontage
302’ on S Laburnum

Amenities

  • Signage

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Olive Garden is a U.S.-based casual dining restaurant chain specializing in Italian-American cuisine and operating as part of Darden Restaurants. Founded in 1982, the brand has grown into a widely recognized national dining concept offering a menu centered on pasta dishes, soups, salads, and signature breadsticks. As a subsidiary of Darden, Olive Garden operates as a privately held entity within a publicly traded parent company and does not maintain a separate stock listing. The organization’s corporate functions, including operations, marketing, and administrative oversight, are based at Darden’s headquarters in Orlando, Florida. Over the years, Olive Garden has expanded its presence across the United States, serving a broad customer base through dine-in, take-out, and catering services.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Accommodation and Food Services - $9.99 Lorem Ipsum Jan 0000

Nearby Major Retailers

Starbucks
Chase
Truist
Five Guys
Cracker Barrel Old Country Store
Cook Out
LongHorn Steakhouse
Atlantic Union Bank
Gold's Gym
Zaxby's

Property Taxes

Property Taxes

Parcel Number
815-717-1615
Land Assessment
$2,001,898 CAD
Improvements Assessment
$1,822,244 CAD
Total Assessment
$3,824,142 CAD
  • Listing ID: 39646765

  • Date on Market: 2026-03-03

  • Last Updated:

  • Address: 4467 S Laburnum Ave, Richmond, VA 23231

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