Olive Garden 1350 East-West Connector

Colliers, as exclusive broker, is pleased to offer the opportunity to acquire a brand-new construction, single-tenant Olive Garden (the “Property”) in Austell, Georgia, in the #1 state for doing business. This ideal long-term investment features a ground lease with easily replaceable rent that appreciates over time, ensuring passive income with no landlord management. The Property is occupied by a corporate tenant, Darden Restaurant’s most prominent brand, the nation’s most dominant sit-down restaurant group, offering stable cash flow, attractive 10% rent increases every five years, and future-proofing through scheduled store renovations.
The investment-grade tenant is impressive and Olive Garden leads Darden’s fiscal year 2024 number of new restaurants (15), contributing 44.5% of $11.4 billion in total revenue, and achieving the company’s highest segment profit margin of 21.9%. Located in a densely populated area of over 190,000 residents within five miles, the Property enjoys high visibility at a hard corner along a major thoroughfare with 39,600 VPD. Situated in a retail hub near new housing developments, Wellstar Cobb Hospital, and various Fortune 500 headquarters, the Property is positioned to capitalize on strong consumer demand and growth in a powerhouse metro area.