Asking Price
Area Size
NOI Net Operating Income
NIY
Asking Price
Area Size
NOI Net Operating Income
NIY

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Building Area Net

Asset Description

Jones Lang LaSalle Americas, LP is pleased to offer for sale the fee simple interest in a newly constructed Olive Garden (the “Property” or “Asset”) located in a dense retail corridor in Midwest City, Oklahoma. The built-to-suit Olive Garden opened for business in November 2020 and Olive Garden signed a long-term lease with 10 years in the primary term with four separate 5-year extension options. The absolute net ground lease provides a truly passive income structure, with 10% rent bumps every 5 years to offer a hedge against inflation. Olive Garden Holdings, LLC (the “Tenant”) is an operating subsidiary of Darden Restaurants, Inc. (NYSE: DRI), which recently received a credit rating upgrade (‘BBB’ S&P) in October of 2021. Midwest City is located within the Oklahoma City MSA, which has seen population growth at twice the rate of the United States. The asset sits in the middle of the Sooner Rose Shopping & Entertainment District, a centrally located retail corridor that sees ~40,000 vehicles per day. 


Investment Highlights

  • Long Term Lease with Over 9 Years of Term and Contractual Rent Increases
  • Absolute NNN Lease with Zero Landlord Responsibilities
  • Investment Grade Tenancy from National Casual Dining Leader
  • Brand New Construction and Exceptional Demographics
  • Strategically Located in Dense Retail Corridor with Many Credit Tenants
Last Updated Date: 18 Nov 2021

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 18 Nov 2021

¿Tiene alguna duda?  Visite nuestra página de Preguntas Frecuentes

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.