Olive Garden NNN Ground
1405 E Expressway 83 Mission TX 78572 Mission, TX 78572
For Sale
$3,368,000
High-performing Olive Garden with long-term ground lease in Mission, TX.
Property Size7,805 SF
Price / SF$431.52
Days on Market247
Property Features for 1405 E Expressway 83 Mission TX 78572
General Information
Standard status
Active
Size
7,805 SF
Property subtype
Retail
Building Details
Year Built
2024
Listing Agency:
Faris Lee Investments
(949) 584-8471
Listed By:
Don MacLellan · License #CalDRE #00897784
(949) 584-8471
Source:
Farislee
Added: Nov 25, 2025
Changed: Jul 10
Last Checked: Jul 30 at 4:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Faris Lee Investments
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $160.2k | $20.52 |
| − Vacancy | −$9.1k | −$1.17 |
| EGI | $151.0k | $19.35 |
| − OpEx | −$37.8k | −$4.84 |
| NOI | $113.3k | $14.51 |
7,805 SF · lease $20.52/SF/yr · vacancy 5.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.62M
$1.42M – $1.89M
NOI $113,272 @ 7.0% cap · market cap 3.36%
Second Best
Retail
$1.51M
$1.32M – $1.76M
NOI $105,384 @ 7.0% cap · market cap 3.13%
Theoretical Best
Hotel Hospitality
$5.88M
$5.14M – $6.86M
NOI $411,519 @ 7.0% cap · market cap 12.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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 Expressway 83 Mission TX 78572 Mission, TX.
What is the asking price?
The asking price for this property is $3,368,000.
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.
