Olive Garden

For Sale

721 W Olive Ave, Merced, CA 95348

This Merced property for sale is located at 721 W Olive Ave. The current listed sale price for Olive Garden is $2,500,000.

Contacts

broker

Clay Smith

Matthews Real Estate Investment Services

Property Details

  • 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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Getting around

  • 59/100

    Walk Score ®

  • 79/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Merced, CA
  • Zip Code 95348
  • Market Inland Empire

Points of Interest

  • Chevron

    0.28 miles

  • Valero

    0.33 miles

  • BP

    0.49 miles

  • Arco

    0.68 miles

  • Valero

    0.74 miles

  • Chevron

    1.09 miles

  • Westgate Beacon

    1.17 miles

  • Circle K 76 gas

    1.25 miles

  • Costco Gasoline

    1.36 miles

  • Smiley's Shell Service

    1.37 miles

  • RDA Parking Structure

    1.12 miles

  • Scholars Lot

    4.03 miles

  • Bellevue Lot

    4.04 miles

  • University Lot

    4.17 miles

  • Library Lot 2

    4.43 miles

  • Library Lot 1

    4.45 miles

  • LeGrand Faculty/Staff Lot

    4.66 miles

  • North Bowl Parking

    4.85 miles

  • Hometown Buffet

    0.00 miles

  • El Pollo Loco

    0.14 miles

  • Jack in the Box

    0.17 miles

  • Pizza Hut

    0.20 miles

  • Burger King

    0.23 miles

  • Chipotle

    0.26 miles

  • Panera Bread

    0.28 miles

  • Hibachi Grill Buffet

    0.29 miles

  • IHOP

    0.31 miles

  • Long John Silver's

    0.38 miles

  • Kohl's

    0.09 miles

  • Big Lots

    0.15 miles

  • JCPenney

    0.17 miles

  • Merced Mall

    0.20 miles

  • Sears

    0.24 miles

  • Target

    0.29 miles

  • Food 4 Less

    0.43 miles

  • Save Mart

    0.56 miles

  • FoodMaxx

    0.60 miles

  • Raley's

    1.09 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Clay Smith

Matthews Real Estate Investment Services