Restaurant NNN Ground
4467 S Laburnum Avenue, Richmond, VA 23231
For Sale
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The Olive Garden lease is structured on an absolute triple-net basis, with five renewal options available after the current term.
Property SizeContact for details
Days on Market16
Property Features for 4467 S Laburnum Avenue
General Information
Standard status
Property subtype
Additional Details
Traffic Count
Tenant in Place
Building Details
Tenancy
Listing Agency:
Matthews
Listed By:
Nathan Roberto · License TN #36870
Source:
Crexi
Added: Oct 26
Changed: Nov 8
Last Checked: Nov 8 at 2:59PM
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 Matthews
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Investment Insights
Based on property information with market context.
At 4467 S. Laburnum Avenue, this fee-simple restaurant property is occupied by Olive Garden under an absolute NNN ground lease. The current lease term has approximately 2.5 years remaining, followed by five 5-year renewal options. Rent increases by 1.5% annually during the renewal options.
The site is on South Laburnum Avenue in Richmond, near a regional retail center anchored by Publix. Other retailers in the center include Lowe’s, Target, JCPenney, PetSmart, Burlington and Chick-fil-A. The surrounding retail mix also includes Kroger, Walmart, and numerous national restaurant brands. Traffic on South Laburnum Avenue exceeds ±34,000 vehicles per day.
The site is on South Laburnum Avenue in Richmond, near a regional retail center anchored by Publix. Other retailers in the center include Lowe’s, Target, JCPenney, PetSmart, Burlington and Chick-fil-A. The surrounding retail mix also includes Kroger, Walmart, and numerous national restaurant brands. Traffic on South Laburnum Avenue exceeds ±34,000 vehicles per day.
Key Highlights
- Fee‑simple interest in an Olive Garden restaurant property
- Absolute NNN ground lease
- Approximately 2.5 years remaining in the current term
Property Analytics
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Current Use
Lease Details
34,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
473
Businesses Nearby
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Business Placement
Demographics for 23231, VA
37,455
Population
17,028
Households
2.2
Avg Household Size
40
Median Age
29%
College-Educated
92%
High-School Grad
88.2 sq mi
ZIP Area
425
Density / Sq Mi
$74,245
Median Household Income
$43,315
Median Earnings
$1,272
Median Rent
$270,400
Median Home Value
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Market
Vacancy Rate% for Retail in Richmond, VA
Frequently Asked Questions
What type of property is this?
NNN property - The Olive Garden lease is structured on an absolute triple-net basis, with five renewal options available after the current term.
Where is this nnn property located?
The property is located at 4467 S Laburnum Avenue Richmond, VA.
What is the asking price?
The asking price for this property is $2,017,899.
What are key features of this property?
This property features: Fee‑simple interest in an Olive Garden restaurant property; Absolute NNN ground lease; Approximately 2.5 years remaining in the current term
