Olive Garden (Annual Rent Increases)

Olive Garden (Annual Rent Increases)

Stoughton, MA

Stoughton, MA

Olive Garden (Annual Rent Increases)

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Olive Garden in Stoughton, MA. The property consists of a 7,685-square-foot, freestanding building that sits on approximately 1.37 acres of land. There are 5 years remaining on the lease with 1% rental increases annually. Broker of Record Thomas Shihadeh 100 High Street, Suite 1025 Boston, MA 02110 (617) 896-7250 Thomas.Shihadeh@marcusmillichap.com License: 1000485

Price $3,522,000
Cap Rate 6.75%
Building Size 7,685 sqft
Lot Size 1.37 acres
Year Built 2005
Offering Memorandum

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633

Ryan Wolf

Managing Director
(972) 755-5207
RWolf@marcusmillichap.com
License: TX 622900

Luke Sullivan

Associate
(972) 755-5198
Luke.Sullivan@marcusmillichap.com
License: TX 790739
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • Corporate Olive Garden | Absolute Net Lease With Annual Rent Increases
  • Located Just Off MA Route 24 (125,061 VPD) Less Than 15 Miles From Downtown Boston
  • 162,688 Residents and 165,494 Daytime Population Within 5 Miles | $125K Average Household Income
  • Large 1.37-Acre Parcel
  • Next to Page Pointe Shopping Mall (Target, LA Fitness, TGI Fridays) and Numerous Big Box Stores (IKEA, Costco, BJ’s Wholesale Club)
  • Boston Metro Area (4.9M Residents) – Added 110,000+ Residents Since 2010
  • Olive Garden Operated by Darden Restaurants (NYSE: DRI) – One of the Largest Full-Service Restaurant Chains in the U.S.

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633

Ryan Wolf

Managing Director
(972) 755-5207
RWolf@marcusmillichap.com
License: TX 622900

Luke Sullivan

Associate
(972) 755-5198
Luke.Sullivan@marcusmillichap.com
License: TX 790739
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