Olive Garden

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