270 Brea Mall, Brea, 92821

Commercial - Retail For Sale

$8,197,885

Beds
Baths
Sqft
.49Acres
1988Built
57DOM
MLS® #: WS20022517
Active, 57 Days on Market

Olive Garden NNN leased single tenant (Absolutely no landlord responsibility)property for sale. The property is an outparcel to the Prestigious Brea Mall in Orange County. (Renovated in 2016) Which anchored by Nordstrom, Macy' s and Apple, etc. The Olive Garden has an initial primary lease term of 15 years and 11 years remaining on Primary Term plus five (5) years each option. This absolute net lease (No Landlord responsibility) will feature 1% annual rental escalations and NOI $286,926.00 June 2020. Olive Garden is the leading restaurant in the Italian dining segment. The lease will be guaranteed by GMRI, Inc which owned subsidiary of Darden Restaurants, Inc. Darden Restaurants Inc. is publicly traded (NYSE: DRI) company. ( Sellers are related to listing agent.)

Essential Information

MLS® #: WS20022517
Price: $8,197,885
Acres: 0.49
Year Built: 1988
Type: Commercial
Sub-Type: Retail
Status: Active

Community Information

Address: 270 Brea Mall
Area: Brea (86)
City: Brea
County: Orange
State: CA
Zip Code: 92821

Interior

Heating: Central Furnace

Exterior

Lot Description: 0-1 Unit/Acre, Lot 20000-39999 Sqft

Additional Information

Date Listed: January 31st, 2020
Days on Market: 57
Zoning: C

Listing Details

Listing Agent: Xue-min Shi(01234669)
Listing Office: GRANDMARK REALTY INC.

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS®, Inc.

Listing information last updated on March 31st, 2020 at 8:16am PDT.

Based on information from California Regional Multiple Listing Service, Inc. as of March 31st, 2020 at 8:11am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.