980 E Ash St Piqua, OH 45356
Corporately backed Olive Garden with a brand-new 10-year lease.
Property size:
6,500 SFLot size:
3.52 AcresProperty Features for 980 E Ash St
General Information
- Size
- 6,500 SF
- Lot size
- 3.52 Acres
Source:
Moodyscre
Listing Agent: Dan Cooper
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Olive Garden Investment Opportunity
This is a corporately backed, single-tenant Olive Garden location. The property features a brand-new lease with a full 10 years of term remaining and no early termination rights. It is brand-new construction, with an anticipated opening in December 2025. The property has an ideal absolute NNN lease structure with a 10% rental increase in year-6, along with six 5-year option periods with increases. The property is on a redeveloped oversized 1.53-acre parcel with an adjacent, brand-new Hampton Inn and brand-new Chipotle. The location benefits from ideal demographics with average household incomes of approximately $80,000 within a 5-mile radius, in a growing residential community with emerging employers and commuter traffic. It has a strategic location equidistant from both Cincinnati and Columbus, Ohio. The tenancy is backed by Darden, which has over 2,165 restaurants and revenue of $11.8 billion. The property is positioned with excellent access and visibility along Piqua’s main roadway (US 36) and directly adjacent to major highway I-75, with over 76,000 vehicles per day surrounding the property. It features the latest Olive Garden prototype look including highly visible pylon signage. The property size is 6,500 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Cracker Barrel Old ...
American Restaurant
Location Insight
- Map
- Local Demand
- City
- Piqua
- County
- Miami
- State
- Ohio
- Longitude
- -84.2253395
- Latitude
- 40.1513503
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FAQs
What type of property is this?
Conventional restaurant - Corporately backed Olive Garden with a brand-new 10-year lease.
Where is this conventional restaurant located?
The property is located at 980 E Ash St Piqua, OH.
What is the asking price?
The asking price for this property is $3,205,000.
What are key features of this property?
This property features: - Corporately backed, single-tenant Olive Garden (NYSE: DRI) with investment-grade credit rating.; - Brand-new 10-year lease with a rental increase in year 6, plus multiple option periods.; - Brand-new construction with anticipated opening in December 2025 and rental rates below market comparables.