6138 Pavillion Way way - Fast Food FOR SALE
Covington, GA 30014 |
6138 Pavillion Way way
Covington, GA 30014
HIGHLIGHTS
- Brand New 2024 High-Quality Construction
- New 10-Year Absolute NNN Ground Lease with Structured Rental Increases Every 5-Years and (4) 5-Year Options to Extend
- Olive Garden is a Subsidiary of Darden Restaurants, Inc. (NYSE: DRI) Rated BBB (Investment Grade) by Standard & Poor's
- Traffic Counts Exceed 33,000 Vehicles Per Day on US Hwy 278; 77,000 Vehicles Per Day on I-20; & 22,000 Vehicles Per Day on Turner Lake Rd
- 127,000 Residents within 10-Miles of Property w/ 7.0% Population Growth Over Next 5-Years & Average HH Income of $98,000
- Olive Garden is the Leading Restaurant in the Italian Dining Segment w/ 900+ restaurants, 99,000+ employees & more than $4.9 Billion in Annual Sales
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Olive Garden - New 10-Yr Abs NNN Ground Lease
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Freestanding, Restaurant, Storefront
TOTAL BUILDING SIZE
7825
STORIES
1
YEAR BUILT
2025
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
C038000030007000
