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Olive Garden 582 N Lone Hill Ave 7,537 SF Retail Building San Dimas, CA 91773 $6,025,344 CAD ($799.44 CAD/SF) 4.94% Cap Rate



Investment Highlights
- Single Tenant Absolute NNN Lease
- Corporate Guarantee By GMRI Inc
- Ideally Positioned Near The 57 and 210 Freeways
- Costco-anchored Pad Site
- Zero Landlord Responsibilities
- Fee Simple Ownership
Executive Summary
Lee & Associates – Orange is pleased to present the opportunity to acquire a single-tenant, absolute net-leased Olive Garden restaurant located in San Dimas, California. The property is situated on a pad site within a high-traffic, Costco-anchored shopping center and consists of approximately 7,437 square feet of building area on two separate parcels totaling approximately 1.51 acres of land. The property is being offered at $4.45 million, representing a 4.95% cap rate on $220,000 of net operating income. The lease is corporately guaranteed by GMRI, Inc., a wholly owned subsidiary of Darden Restaurants, Inc., a publicly traded company (NYSE: DRI) with an approximate $23 billion market
capitalization. The Olive Garden is a strong sales location, ideally positioned near the Interstate 57 and 210 Freeways and within a highly trafficked retail center featuring numerous national and major regional tenants. The property is structured as an absolute triple net lease, providing investors with zero landlord responsibilities. This offering provides investors with passive income backed by a nationally recognized restaurant brand and a strong corporate guarantor in a prime retail location.
capitalization. The Olive Garden is a strong sales location, ideally positioned near the Interstate 57 and 210 Freeways and within a highly trafficked retail center featuring numerous national and major regional tenants. The property is structured as an absolute triple net lease, providing investors with zero landlord responsibilities. This offering provides investors with passive income backed by a nationally recognized restaurant brand and a strong corporate guarantor in a prime retail location.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,537 SF
Building Class
B
Year Built
2012
Price
$6,025,344 CAD
Price Per SF
$799.44 CAD
Cap Rate
4.94%
NOI
$297,882 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.52 AC
Parking
97 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 8383-009-090 | Improvements Assessment | $2,380,760 CAD |
| Land Assessment | $2,393,777 CAD | Total Assessment | $4,774,537 CAD |
Property Taxes
Parcel Number
8383-009-090
Land Assessment
$2,393,777 CAD
Improvements Assessment
$2,380,760 CAD
Total Assessment
$4,774,537 CAD
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Olive Garden | 582 N Lone Hill Ave
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