Olive Garden Real Estate Opportunities & Market Research
Olive Garden
Lowest Cap Rate
4.50%
Lowest Cap Rate over past 24 months
Average Cap Rate
5.37%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
5.85%
Average Cap Rate over previous quarter
Overview
As one of the most recognizable Italian restaurant chains in the United States, Olive Garden has been a family favorite since its inception in 1982. In addition to the immediate brand recognition, Olive Garden generally offers a 10 to 15-year lease, with option periods of 5 years after the base term. One of the most attractive parts of Olive Garden leases is the 1.5% annual increase in rent on the property. The average square footage of Olive Garden prototypes are around 7,000-8,500 square feet with high visibility. Olive Garden is owned by Darden Restaurants.
Property & Lease
Sales Price Range$2,750,000 - $5,000,000
NOI Range$150,000 - $265,000
Building SF7,000 - 8,500
Lease Term10 - 15 Years
Escalations1.5% Annual Increase
Stock SymbolNYSE:DRI
Credit Rating
S&PBBB
Moody'sBaa2
Cap Rate By Region
Average regional cap rates calculated over past 24 months, irrespective of term length
4.50
5.06
5.08
4.75
N/A
5.37
*Regional cap rates calculated from sales data available over the past 24 months, irrespective of remaining term.
Financial Fundamentals
- Overview
- Cap Rate By Region
- Financial Fundamentals
- Stock Analysis
Recent Sales Comps
Merced, CA4.89%
Sandusky, OH5.12%
Spokane Valley, WA5.85%
Top Consumer Traffic
Elmhurst, NY796,100
Yonkers, NY649,300
Wesbury, NY637,900
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data
