Olive Garden Recent Lease Extension — Sale in Brownsville, TX
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Brownsville, TX 78520
Investment Figures
- Cap rate
- 5.65%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
The offering presents an opportunity to acquire an Olive Garden restaurant operating under a corporate-guaranteed ground lease with a recent lease extension and located along North Expressway 83 in Brownsville, Texas, with exposure to approximately 106,362 vehicles per day. According to Placer.ai, the property ranks in the top 15% nationwide among Olive Garden locations by annual visits. Darden operates both Olive Garden and LongHorn Steakhouse within the development, reflecting a sustained operational commitment and established presence at the site. Investment Highlights: • Recent Lease Extension - Corporate Ground Lease With 11.7 Years Remaining • High-Performing Location — Top 15% Nationally | 367,700 Visits (Last 12 Months) • 7,916 SF Freestanding Building Within the 10-Acre Las Palmas Retail Development • Frontage on U.S. Route 77 — Major Route to the U.S./Mexico Border (106,362 VPD) Near Sunshine Mall • Corporate Guarantee — Darden Restaurants, Inc. (NYSE: S&P: BBB) • Dense Trade Area With 164,014 Residents and 157,812 Daytime Employees (5-Mile Radius) • Seven Miles from the Port of Brownsville and Approximately 30 Minutes to Matamoros, Mexico • Brownsville–Harlingen Metro | Population of Approximately 430,000
Market Context
This retail in Brownsville, TX is listed for sale. It is offered at an approximate 5.7% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 100 days. Compare it against other retail listings for sale in Brownsville, TX — view the full market.
Contact
- Vincent Knipp · (972) 755-5205 · vincent.knipp@marcusmillichap.com
- Philip Levy · (972) 755-5225 · philip.levy@marcusmillichap.com
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