Olive Garden 615 Valley Mall Pky 7,507 SF Retail Building East Wenatchee, WA 98802 $3,118,270 CAD ($415.38 CAD/SF) 6.50% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant ground leased Olive Garden property located in East Wenatchee, Washington. Olive Garden has successfully operated from this location since 2010 when it was constructed. Olive Garden recently demonstrated its commitment to the site by extending their lease through March 2032. The subject lease is a triple net ground lease with no landlord responsibilities. There are three 5-year renewal options remaining within 10% rental escalations in each.
The 7,507 square-foot building is positioned on an outparcel to Wenatchee Valley Mall. The mall is anchored by Macy’s, Sportsman’s Warehouse, and Ross, all of which draw continual traffic through the corridor. The property benefits from its proximity to State Route 285, which experiences over 56,000 vehicles per day and is the main thoroughfare for Wenatchee. The area features a diverse mix of retailers including Costco, Safeway, Grocery Outlet, Petco, Marshalls, Chase Bank, Fred Meyer, Hobby Lobby, McDonald’s, JOANN, and several others. There are over 75,000 people living within a five-mile radius that earn a six-figure average household income of $108,307.
Olive Garden is an American casual dining restaurant chain specializing in Italian American cuisine headquartered in Orlando, Florida. Italy serves as the inspiration for the brand, from its menus to its award-winning wine list to the Tuscan farmhouse design of its restaurants. As the largest chain of Italian themed full-service restaurants in the United States, Olive Garden operates 900+ locations globally and reported more than $4.8 billion in annual sales in FY2023. These improvements have coincided with Olive Garden’s tireless efforts to meet their guests’ growing demand for convenience through their successful Olive Garden To-Go platform and the national launch of large-party catering delivery.