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.)
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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.