Commercial & Business Division
Olive Garden - NNN – South Miami, FL
Price: Type: Occupancy: CAP Rate: Rentable Square Feet Land: Year Built: NOI: Annual Expenses: Lease Term: Increases: Extensions: Guarantor: Extra: Location:
$5,615,804 Free Standing 100% 5.10% 7,537SF = 700m2 46,609SF = 4,330m2 2012 $286,406 / year ZERO (NNN – Tenant pays all expenses including insurance and property taxes) New 15 years lease term. 1% Annually 5 options of 5 Years Corporate GMRI, Inc. (Owned and operated 1,507 Darden restaurants in USA and Canada) Strong rent to sales ratio. Outparcel to the Southland Mall. Positioned at a signalized intersection along South Dixie Hwy (48,500 VDP)
Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof, and it is submitted subject to errors, change of price, rental or other conditions, prior to sale, lease or financing, or withdrawal without notice.