Olive Garden Ground Lease

For Sale

15115 U.S. 224, Findlay, OH 45840

This Findlay property for sale is located at 15115 U.S. 224. The current listed sale price for Olive Garden Ground Lease is $2,116,667. Olive Garden Ground Lease is situated on a lot that is 1.96 acre in size.

Contacts

broker

Sal Yaldo

Encore Real Estate Investment Services

Property Details

  • Property Type Retail - Freestanding
  • Property Size 8,030 SF
  • Lot Size 1.96 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Year Built 2004
  • Date Updated Sep 23, 2024
Findlay is a city in and the county seat of Hancock County, Ohio. The city metro area is often referred as The Greater Findlay Area. The second-largest city in Northwest Ohio, Findlay lies about 40 miles south of Toledo. Its population was 40,313 at the 2020 census.. The principal city of the Findlay micropolitan area, it is home to the University of Findlay and the headquarters of Fortune 100 company Marathon Petroleum. Findlay is the headquarters of the Cooper Tire & Rubber Company, founded in 1914, which specializes in the design, manufacture, marketing, and sales of replacement automobile and truck tires, and subsidiaries that specialize in medium truck, motorcycle, and racing tires. Findlay was the longtime headquarters of the Marathon Oil Corporation from 1905 until 1990 when it moved its offices to Houston, TX. Marathon Petroleum Company, a former subsidiary of Marathon Oil, maintained its main office in Findlay after Marathon Oil moved. On July 1, 2011, Marathon Petroleum became an independent entity, with headquarters in Findlay. The city's major shopping center is Findlay Village Mall, opened in 1962. Findlay is home to a Kohl's department store distribution center, which is Kohl's oldest distribution center after the recent closing of the original one in Wisconsin. Findlay is home to the Whirlpool dishwasher manufacturing plant and distribution center. This plant is considered to be the largest dishwasher plant in the world (based on production). Findlay is home to several other major distribution centers including Best Buy, Lowe's, and Campbell Soup Company.Introducing a prime commercial investment opportunity in Findlay, Ohio! This impressive 8,030 SF free-standing building, meticulously constructed in 2004, boasts a coveted 100% occupancy rate. Positioned in the thriving Findlay area, this property offers an ideal canvas for retail enterprises seeking a remarkable location to expand their operations. With its modern construction and optimal occupancy, this property presents a secure and lucrative venture for discerning retail investors looking to make a significant impact in the market. Take advantage of this exceptional investment prospect and elevate your retail portfolio today!

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Highlights

  • 8,030 Square Foot Ground Lease Located on 1.96 Acres of Land
  • Zero Landlord Responsibilities - A True "Mailbox Management" Asset
  • Established Location - Olive Garden has been Operating at this Location Since 2004
  • Olive Garden is an American Casual Dining Restaurant Chain Specializing in Italian Cuisine
  • The Company is a Subsidiary of Darden Restaurants, Inc. (NYSE:DR) Rated BBB (Investment Grade) by Standard and Poor's
  • Tenant Committed to a Brand New 10 Year Lease Extending the Term to 2035 (with a Rental Increase) - Exhibits a Strong Commitment to the Location
  • Olive Garden Reports Strong Sales at the Location - Very Low Rent to Sales Ratio - Please Contact Agent for Details
  • Rental Increases Every 5 Years and in the Option Periods
  • Located on US 224 - Tiffin Avenue - The Heart of Findlay's Commercial Retail Corridor and Home to the "Who's Who" of Retailers with Very Strong Growth and Retail Development

Getting around

  • 43/100

    Walk Score ®

  • 34/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Findlay, OH
  • Zip Code 45840

Points of Interest

  • Shell

    0.30 miles

  • Meijer Gas Station

    0.59 miles

  • Speedway

    0.84 miles

  • Kroger

    0.88 miles

  • Legacy Fuel Center

    1.04 miles

  • Pacific Pride

    1.07 miles

  • S&G

    1.41 miles

  • Turkey Hill

    1.43 miles

  • Marathon

    1.64 miles

  • Tesla Supercharger

    4.27 miles

  • Marathon Oil Parking

    1.67 miles

  • Lot E

    2.05 miles

  • Lot F

    2.06 miles

  • Lot D

    2.14 miles

  • Lot H

    2.24 miles

  • Lot A

    2.28 miles

  • Lot B

    2.31 miles

  • Handicap Parking

    2.46 miles

  • Handicap Parking Lot

    2.56 miles

  • North Garage

    3.31 miles

  • Olive Garden

    0.00 miles

  • Chipotle

    0.08 miles

  • Stevi B's Pizza Buffet

    0.12 miles

  • Gracie's Deli & Ice Cream

    0.17 miles

  • Punjabi Kitchen

    0.21 miles

  • Royal Buffet

    0.21 miles

  • City Barbeque

    0.24 miles

  • Applebee's

    0.25 miles

  • Buffalo Wild Wings

    0.28 miles

  • Subway

    0.30 miles

  • Fox Crossing Plaza

    0.15 miles

  • Liberty Plaza

    0.22 miles

  • Walmart Supercenter

    0.27 miles

  • TJ Maxx

    0.36 miles

  • Gordon Food Service

    0.39 miles

  • ALDI

    0.43 miles

  • Kohl's

    0.43 miles

  • Meijer

    0.53 miles

  • Health Yourself

    0.81 miles

  • Kroger

    0.89 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

Sal Yaldo

Encore Real Estate Investment Services