1405 E Expy 83 Msn, Unit TX 78572 Mission, TX 78572
High-performing Olive Garden with long-term ground lease in Mission, TX.
Property size:
7,805 SFProperty Features for 1405 E Expy 83 Msn
General Information
- Size
- 7,805 SF
Building Details
- Year built
- 2024
Source:
Farislee
Listing Agent: Don Maclellan
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Olive Garden NNN Ground Lease
This property presents an investment opportunity in a high-performing Olive Garden restaurant located in Mission, TX. The property features a 10-year ground lease, reflecting Olive Garden’s commitment, as they constructed the facility. The site is shadow-anchored by Burlington and Murdoch’s Ranch and Home Supply within a retail center. Olive Garden experienced strong opening sales and ranks among the top locations in sales. As a subsidiary of the Darden Group, with a market capitalization exceeding $20 billion and an S&P credit rating of BBB, Olive Garden achieved over $5 billion in sales in 2024. The restaurant has been a staple in the U.S. since 1982. Positioned four miles from the Anzalduas International Border Crossing, the property benefits from cross-border traffic from Monterrey and Reynosa. The location offers visibility and accessibility, supported by its proximity to McAllen. The Anzalduas International Border Crossing sees over 4.6 million vehicle crossings annually. The surrounding area features a retail landscape, with nearby stores and services. The property is near Sharyland Towne Crossing, which includes HEB, Target, and Ross, welcoming over 9 million visits annually. Additionally, the property is near the Market at Sharyland Place, home to Walmart, Kohl’s, and Dollar Tree, which recorded 4.9 million visits in the past year. The property, situated on a 1.76-acre lot, is secured by a below-market long-term NNN ground lease structure. Scheduled rental increases occur every five years. Olive Garden holds four 5-year renewal options extending to 2054. The tenant bears all property expenses. The property is located in Mission, Texas, which has a population of over 87,234 residents as of 2024.
Location Intelligence
Current Use by Public Records
Conventional restaurants
Map
- City
- Mission
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.3913
- Latitude
- 26.3187
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FAQs
What type of property is this?
Conventional restaurant - High-performing Olive Garden with long-term ground lease in Mission, TX.
Where is this conventional restaurant located?
The property is located at 1405 E Expy 83 Msn, Unit TX 78572 Mission, TX.
What are key features of this property?
This property features: - High-performing Olive Garden with strong opening sales and consistent top rankings.; - Long-term (10-year) absolute NNN ground lease with zero landlord responsibilities and scheduled rental increases every five years.; - Strategic location near the Anzalduas International Border Crossing capturing significant cross-border traffic.