Olive Garden Restaurant with NNN
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2767 Legends Parkway, Prattville, AL 36066
Single-tenant restaurant with an absolute NNN lease and direct Interstate 65 access at Exit 179.
Property Size7,814 SF
Price / SF$639.88
Days on Market6
Property Features for 2767 Legends Parkway
General Information
Standard status
Active
Size
7,814 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$275,000
Building Details
Year Built
2008
Tenancy
Single
Listing Agency:
The Boulder Group
(888) 737-2264
Listed By:
John Feeney · License #IL 475154756
Source:
Crexi
Added: Aug 6
Changed: Aug 10
Last Checked: Aug 10 at 8:28AM
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 The Boulder Group
Investment Insights
Based on property information with market context.
The property is a 7,814-square-foot Olive Garden restaurant built in 2008 and operated at the site since that year. The proposed lease provides a 10-year primary term, 10% rent escalations every five years, and four 5-year renewal options. Its absolute NNN structure assigns property-level responsibilities to the tenant, while the lease is with GMRI, Inc., a wholly owned subsidiary of Darden Restaurants, Inc., which holds an investment-grade BBB rating from S&P.
The restaurant occupies an outparcel at Prattville Town Center in Prattville, Alabama, within the Montgomery MSA. Direct access to Interstate 65 is available at Exit 179, the Cobbs Ford Road/U.S. 82 interchange, with approximately 70,000 vehicles passing daily. The surrounding retail corridor includes High Point Town Center and national retailers such as Target, The Home Depot, Publix, Best Buy, Bass Pro Shops, Lowe’s Home Improvement, Kohl’s, ALDI, and Walmart Supercenter. Approximately 53,000 residents live within five miles, and average household income exceeds $105,000 within three miles.
The restaurant occupies an outparcel at Prattville Town Center in Prattville, Alabama, within the Montgomery MSA. Direct access to Interstate 65 is available at Exit 179, the Cobbs Ford Road/U.S. 82 interchange, with approximately 70,000 vehicles passing daily. The surrounding retail corridor includes High Point Town Center and national retailers such as Target, The Home Depot, Publix, Best Buy, Bass Pro Shops, Lowe’s Home Improvement, Kohl’s, ALDI, and Walmart Supercenter. Approximately 53,000 residents live within five miles, and average household income exceeds $105,000 within three miles.
Key Highlights
- 7,814‑square‑foot Olive Garden restaurant on a Prattville Town Center outparcel
- Absolute NNN lease with 10‑year primary term and four 5‑year renewal options
- 10% rent escalations scheduled every five years
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
379
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36066, AL
22,206
Population
9,201
Households
2.4
Avg Household Size
37
Median Age
45%
College-Educated
95%
High-School Grad
20.1 sq mi
ZIP Area
1,105
Density / Sq Mi
$80,364
Median Household Income
$47,110
Median Earnings
$1,300
Median Rent
$220,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Single-tenant restaurant with an absolute NNN lease and direct Interstate 65 access at Exit 179.
Where is this conventional restaurant located?
The property is located at 2767 Legends Parkway Prattville, AL.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 7,814‑square‑foot Olive Garden restaurant on a Prattville Town Center outparcel; Absolute NNN lease with 10‑year primary term and four 5‑year renewal options; 10% rent escalations scheduled every five years
