Listing Agency: Matthews

Listed By: Clay Smith · License #TN 361676

Source: Crexi

Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 2:17PM

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Investment Insights

Based on property information with market context.

The Olive Garden restaurant property at 721 W Olive Ave in Merced, California, was occupied in 2023. A new 10-year lease is in place, providing a defined lease term for the restaurant asset.

Key Highlights

• Olive Garden restaurant property
• Building occupied in 2023
• New 10‑year lease

Property Analytics

Property Profile

Current Use

Olive Garden Italian ... Take-out & Catering

Suggested Use

Top Pick Parking Lot & Garage Big Box & Wholesale Store Electrical Service Auto Parts Store (Bike/Boat/Book/etc) Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

812

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 95348, CA

35,066

Population

12,173

Households

2.9

Avg Household Size

30

Median Age

19%

College-Educated

80%

High-School Grad

59.0 sq mi

ZIP Area

594

Density / Sq Mi

$63,618

Median Household Income

$40,171

Median Earnings

$1,498

Median Rent

$352,700

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Recently occupied restaurant building with a new 10-year lease.

Where is this conventional restaurant located?

The property is located at 721 W Olive Ave Merced, CA.

What are key features of this property?

This property features: Olive Garden restaurant property; Building occupied in 2023; New 10‑year lease