Olive Garden Alcoa, Tennessee Absolute NNN Corporate Lease with 10+ Years Remaining $2,377,069 Actual Location Investment Highlights •Original 15 year lease with 10+ years remaining •Strong store sales, very low rent to sales ratio •Absolute NNN lease – no landlord responsibilities •Corporate lease - tenant is GMRI, Inc., wholly owned by Darden Restaurants, Inc. with BBB credit rating (S&P) •Stable rent growth with annual 1.0% rent increases Jared Meyers •Frontage on Highway 115 with AADT of 37,899 Sage Capital Partners •Busy shopping center surrounded by national tenants and big box o: 801-438-0018 retailers, including: Walmart, Lowe’s, Dick’s Sporting Goods, Petsmart, c: 801-787-3981 Michaels, Ross, Old Navy, Aldi, Office Depot, Dollar Tree, Shoe
[email protected] Carnival, and more Adam Slutzky •72,955 residents and $69,791 ave household income within 5 miles License: TN 301797 •Positive population and income growth trends Sage Capital Partners | 2265 East Murray Holladay Road | Salt Lake City, Utah This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. It is the Buyer’s responsibility to verify the information and the Buyer will bear all risks of any inaccuracies. This offering is subject to change of conditions or terms, prior sale or withdrawal from the market without notice. Property Photos - Strong Store Sales Jared Meyers 801-438-0018
[email protected] Investment Summary Property Address: 244 Hamilton Crossing Drive, Alcoa, Tennessee Price: $2,377,069 Cap Rate: 5.00% Land Size: 2.10 Acres Building Size: 7,561 Square Feet Year Built: 2009 Lease Term: 15 Years (10+ Years Remaining) Primary Lease Start and End Dates: July 1, 2015 – June 30, 2030 Current Rent: $118,853.47 (July 2020) Lease Type: Absolute NNN – No Landlord Responsibilities Rent Increases: 1.0% Annually Lease Options: Five 5 Year Option Periods Lease Guarantor: GMRI, Inc., wholly owned by Darden Restaurants, Inc.