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2767 Legends Pky
Prattville, AL 36066

$5,000,000 USD

Restaurant For Sale  •  7,814 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 7,814 SF
  • Lot Size 1.84 AC
  • Building Class C
  • Year Built 2008
  • Cap Rate 5.50 %
  • Tenancy Single
50 Walk Score

Highlights

New 10-year sale leaseback with 10% rental escalations every five years
Olive Garden has successfully operated at this location since 2008, demonstrating a long-term commitment to the site
Corporate lease with GMRI, Inc., a wholly owned subsidiary of Darden Restaurants, Inc. (NYSE: DRI) – S&P: BBB
Strong performer with low rent-to-sales ratio
Rare opportunity to acquire a fee simple Darden restaurant concept, allowing the future landlord to take advantage of depreciation
Outparcel to Prattville Town Center within the city’s primary retail corridor, anchored by Target, The Home Depot, Publix, Best Buy, Bass Pro Shops

Property Flyers

Cap Rate: 5.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Olive Garden

Public Transportation

AirportDriveWalkDistance
Montgomery Regional (Dannelly Field) 21 min - 16.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 72
Type: Surface
Included in Rent: Yes
John Feeney 847-664-9557 The Boulder Group
John Feeney 847-664-9557 The Boulder Group