San Dimas Olive Garden
For Sale
Contact for pricing
582 N Lone Hill Ave, San Dimas, CA 91773
Single-tenant, net-leased Olive Garden in a high-traffic retail center.
Property Size7,437 SF
Lot Size1.51 Acres
Price / SF$554.66
Days on Market194
Property Features for 582 N Lone Hill Ave
General Information
Standard status
Active
Size
7,437 SF
Lot size
1.51 Acres
Property subtype
Retail
Lease Type
Absolute Net
Net Operating Income
$222,833
Building Details
Year Built
2012
Stories
1
Tenancy
Single
Listing Agency:
Lee & Associates - Orange
(562) 665-1199
Listed By:
John Son · License #CA 01069091
Source:
Crexi
Added: Jan 29
Changed: Aug 8
Last Checked: Aug 11 at 12:15PM
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 Lee & Associates - Orange
Investment Insights
Based on property information with market context.
This single-tenant, absolute net-leased Olive Garden restaurant is located in San Dimas, California. The property is situated on a pad site within a high-traffic, Costco-anchored shopping center. The building area is approximately 7,437 square feet on two separate parcels totaling approximately 1.51 acres of land. The lease is corporately guaranteed by GMRI, Inc., a wholly owned subsidiary of Darden Restaurants, Inc., a publicly traded company (NYSE: DRI). The Olive Garden benefits from its location near the Interstate 57 and 210 Freeways within a highly trafficked retail center featuring numerous national and major regional tenants. The property is structured as an absolute triple net lease, providing investors with zero landlord responsibilities and passive income backed by a nationally recognized restaurant brand in a prime retail location. San Dimas is strategically situated at the confluence of the I-210 and SR-57 freeways, serving as a high-income, supply-constrained submarket. The city’s investment profile is anchored by the September 2025 completion of the Metro A Line (Gold Line) expansion, which has introduced a new transit-oriented hub to the historic Downtown district. The area offers a stable consumer base and a resilient rental market characterized by average monthly rents of over $2,300. The local economy is supported by major corporate and utility headquarters, including Golden State Water and American States Utility Services, alongside unique regional destination drivers like Raging Waters LA and Bonelli Regional Park.
Key Highlights
- Absolute Triple Net Lease: Provides passive income with zero landlord responsibilities.
- Strong Corporate Guarantee: Lease is guaranteed by GMRI, Inc., a subsidiary of Darden Restaurants, Inc. (NYSE: DRI), with a $23 billion market capitalization.
- Prime Retail Location: Situated in a high‑traffic, Costco‑anchored shopping center near Interstate 57 and 210 Freeways.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$176,293
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,525,860
$3.5M
Cap Rate 7%
$2,518,471
$2.5M
Cap Rate 9%
$1,958,811
$2.0M
Market Conditions
NOI Build-Up for 7,437 SF
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.
Gross rent
$251.7K $33.84/SF
− Vacancy
−$16.6K −$2.23/SF
EGI
$235.1K $31.61/SF
− OpEx
−$58.8K −$7.90/SF
NOI
$176.3K $23.70/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,525,860
Cap Rate 7%
$2,518,471
Cap Rate 9%
$1,958,811
Alternative Uses
Best Use
Specialty Retail
$2.52M
$2.20M – $2.94M
NOI $176,293 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.98M
$3.48M – $4.65M
NOI $278,722 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,073
Businesses Nearby
1.5M
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 28%
Dining 21%
Shops & Services 18%
Apparel 12%
Costco Wholesale
Superstores
160,334 visits/mo
0.2 miles
Walmart
Superstores
134,440 visits/mo
0.3 miles
Sam's Club
Superstores
112,647 visits/mo
0.3 miles
Costco Gasoline
Shops & Services
77,481 visits/mo
0.0 miles
Kohl's
Apparel
72,689 visits/mo
0.3 miles
Demographics for 91773, CA
34,592
Population
12,363
Households
2.8
Avg Household Size
44
Median Age
40%
College-Educated
93%
High-School Grad
15.0 sq mi
ZIP Area
2,306
Density / Sq Mi
$105,926
Median Household Income
$51,673
Median Earnings
$2,232
Median Rent
$754,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Single-tenant, net-leased Olive Garden in a high-traffic retail center.
Where is this conventional restaurant located?
The property is located at 582 N Lone Hill Ave San Dimas, CA.
What is the asking price?
The asking price for this property is $4,125,000.
What are key features of this property?
This property features: Absolute Triple Net Lease: Provides passive income with zero landlord responsibilities.; Strong Corporate Guarantee: Lease is guaranteed by GMRI, Inc., a subsidiary of Darden Restaurants, Inc. (NYSE: DRI), with a $23 billion market capitalization.; Prime Retail Location: Situated in a high‑traffic, Costco‑anchored shopping center near Interstate 57 and 210 Freeways.
