Retail

Olive Garden (Ground Lease)

Sandy (Salt Lake City), UT

Price:

$3,463,682

Cap Rate:

5.35%

Long-Term, Abs NNN

Ground Lease

Year Built

2001

Rent-to-Sales Ratio

2.2%

Operating History

20+ Years

Building Size

8,067 SF

INVESTMENT HIGHLIGHTS

Long-Term, Absolute NNN Ground Lease | 9 Years Remaining
Rental Escalations | 10.0% Every 5 Years
Outstanding Sales Performance | 2.2% Rent-to-Sales Ratio
20+ Year Operating History | High Likelihood of Renewal
National Leading Restaurant Franchisee & Corporate Lease | Darden Restaurants, Inc. (NYSE: DRI)

Premier Location with Proximity to Economic Drivers | The Cairns Mega Development
Outparcel to The Shops at South Town Mall | Utah's Largest Shopping Mall at 1.3 Million SF
Excellent Access & Visibility | Interstate 15: ±172,496 VPD & State Street: ±28,333 VPD