|
|
Olive Garden 5727 Beckley Rd 7,828 SF Retail Building Battle Creek, MI 49015 $1,700,000 ($217.17/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Olive Garden is paying a below market rent providing future upside for an investor.
- Olive Garden is owned by Darden Restaurants, who has an S&P rating of BBB.
- Olive Garden is situated as an outlot to Lakeview Square, which draws customers from the entire region to the area.
- New 10 year absolute NNN ground lease provides passive ownership structure for the long term.
- The site sits at the intersection of Beckley and Hwy-66 which combine for over 52,000 VPD.
EXECUTIVE SUMMARY
New 10 year absolute NNN ground lease provides passive ownership structure for the long term
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,828 SF
Building Class
B
Year Built
2025
Construction Status
Under Construction
Price
$1,700,000
Price Per SF
$217.17
Cap Rate
5%
NOI
$85,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.77 AC
Zoning
M-66
Frontage
447’ on Beckley Road
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| Beckley Road | - | 16,910 | 2025 | 0.08 mi |
| BECKLEY RD | Whitmark Dr, W | 16,220 | 2024 | 0.08 mi |
| M 66 | Whitmark Dr, W | 16,772 | 2021 | 0.08 mi |
| Beckley Road | Whitmark Dr, W | 15,797 | 2025 | 0.08 mi |
| M 66 | B Dr N, S | 14,772 | 2025 | 0.13 mi |
| Sojourner Truth Downtown Parkway | M 66, SW | 23,872 | 2025 | 0.19 mi |
| M 66 | M 66, SW | 22,156 | 2024 | 0.19 mi |
| M-66 | M 66, SW | 25,524 | 2022 | 0.19 mi |
| Sojourner Truth Freeway | - | 22,616 | 2025 | 0.19 mi |
| M-66 | B Dr N, N | 7,969 | 2024 | 0.26 mi |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0625-48-500-1 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $789,661 |
PROPERTY TAXES
Parcel Number
0625-48-500-1
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$789,661
MAP
ADDITIONAL PHOTOS
Olive Garden MI - website2
Olive Garden MI - website3
Olive Garden MI - website4
Olive Garden MI - website5