CBRE Limited (“CBRE” or the “Advisor”) is pleased to offer for sale, a Single Tenant Retail Portfolio comprising three free-standing locations fully leased to Olive Garden in Edmonton, Alberta and Winnipeg, Manitoba (the “Portfolio” or “Offering”). Totaling 25,268 SF, an investor is presented with the ability to acquire a premier street-front retail opportunity with a weighted average lease term remaining of 9.1 years. The Portfolio leases are absolute net to the landlord and incorporate annual contractual rental rate increases that provide an investor with the coveted combination of income security and contractual growth, in locations featuring excellent exposure, accessibility and long-term viability. Each Olive Garden location is fully leased to GMRI Canada Inc., a subsidiary of Darden Restaurants, the world’s largest full-service restaurant company with over 2,100 restaurant locations across Canada and the United States. Darden Restaurants Inc. (NYSE: DRI) is rated investment grade by Standard & Poor
- Built In 1989
- Floor Space 8789 sqft
- Land Size 1.11 acres
- Property Type Commercial, Retail Building for Sale
- Total Parking Spaces 75