Olive Garden

721 W Olive Ave, Merced, CA 95348

  • For Sale $2,500,000
  • Property Type Retail
  • Property Size 6,622 SF
  • Cap Rate % 4.5
  • Additional Rent Contact for pricing
  • Date Updated May 9, 2024

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 

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

broker

Clay Smith

Matthews Real Estate Investment Services

Location

Getting Around

  • Walk Score ®

    59/100 Somewhat Walkable

  • Bike Score ®

    79/100 Very Bikeable
Powered by Walk Score ®
  • 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

  • Westgate Beacon

    1.17 miles

  • 76

    1.24 miles

  • Costco Gasoline

    1.36 miles

  • Smiley's Shell Service

    1.37 miles

  • RDA Parking Structure

    1.12 miles

  • Bellevue Lot

    3.98 miles

  • Scholars Lot

    4.04 miles

  • ECEC Lot

    4.09 miles

  • University Lot

    4.17 miles

  • Calaveras Lot

    4.26 miles

  • Terrace Lot

    4.27 miles

  • Muir Lot

    4.38 miles

  • Library Lot 2

    4.43 miles

  • Library Lot 1

    4.45 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

  • Target

    0.29 miles

  • Food 4 Less

    0.43 miles

  • Save Mart

    0.56 miles

  • FoodMaxx

    0.60 miles

  • Nadrich Accident Injury Lawyers

    0.84 miles

  • Raley's

    1.09 miles

Frequently Asked Questions

How much does Olive Garden cost?

The space currently listed for sale at Olive Garden asks for $2,500,000.

What is the total square footage of Olive Garden?

Olive Garden totals 6,622 square feet.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Clay Smith

Matthews Real Estate Investment Services