- For Sale $2,500,000
- Property Type Retail
- Property Size 6,622 SF
- Cap Rate % 4.5
- Additional Rent Contact for pricing
- Date Updated May 9, 2024
- Website www.matthews.com
NEWLY CONSTRUCTED PROPERTY – Olive Garden just recently occupied the building in 2023 and signed a new 10-year lease
CORPORATE GUARANTEE – The lease is corporately guaranteed by Darden Restaurants
LOW RENT – Olive Garden is paying just $17/SF which is below market
NNN – Leases property benefits from attract NNN
SIGNIFICANT RENTAL UPSIDE – In the event the mall is occupied by a national theater chain the rent will increase by 25%
PROMINENT LOCATION – The property sits directly in front of Merced Mall and Target, which is an active shopping area with high traffic counts
STRONG POPULATION GROWTH – The annual population growth is projected at approximately 1.5% annually
DENSELY POPULATED – Over 100,000 residents in a 5-mile radius
HEAVY TRAFFIC COUNTS – Over 40,000 VPD pass the intersection of Olive Ave and R St
MERCED METROPOLITAN STATISTICAL AREA – Merced is the county seat in the Merced MSA, with a population of nearly 300,000
MERCED – Located in the heart of California’s agricultural Central Valley, Merced is the region’s hub for education, culture, and business
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Location
Getting Around
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Walk Score ®
59/100
Somewhat Walkable
-
Bike Score ®
79/100
Very Bikeable
- City Merced, CA
- Zip Code 95348
- Market Inland Empire
Points of Interest
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Chevron
0.28 miles
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Valero
0.33 miles
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BP
0.49 miles
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Arco
0.68 miles
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Valero
0.74 miles
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Chevron
1.09 miles
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Westgate Beacon
1.17 miles
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Circle K 76 gas
1.25 miles
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Costco Gasoline
1.36 miles
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Smiley's Shell Service
1.37 miles
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RDA Parking Structure
1.12 miles
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Scholars Lot
4.03 miles
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Bellevue Lot
4.04 miles
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University Lot
4.17 miles
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Library Lot 2
4.43 miles
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Library Lot 1
4.45 miles
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LeGrand Faculty/Staff Lot
4.66 miles
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North Bowl Parking
4.85 miles
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Hometown Buffet
0.00 miles
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El Pollo Loco
0.14 miles
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Jack in the Box
0.17 miles
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Pizza Hut
0.20 miles
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Burger King
0.23 miles
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Chipotle
0.26 miles
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Panera Bread
0.28 miles
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Hibachi Grill Buffet
0.29 miles
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IHOP
0.31 miles
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Long John Silver's
0.38 miles
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Kohl's
0.09 miles
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Big Lots
0.15 miles
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JCPenney
0.17 miles
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Merced Mall
0.20 miles
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Sears
0.24 miles
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Target
0.29 miles
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Food 4 Less
0.43 miles
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Save Mart
0.56 miles
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FoodMaxx
0.60 miles
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Raley's
1.09 miles
Frequently Asked Questions
How much does Olive Garden cost?
The space currently listed for sale at Olive Garden asks for $2,500,000.
What is the total square footage of Olive Garden?
Olive Garden totals 6,622 square feet.
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