Olive Garden

Olive Garden is an American casual dining restaurant chain specializing in Italian-American cuisine. It is a subsidiary of Darden Restaurants, Inc., which is headquartered in unincorporated Orange County, Florida, in Orlando. As of January 11, 2016, Olive Garden operates 844 locations globally and accounts for 3.8 billion of the 6.9 billion revenue of parent Darden.

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Parent Company: Darden Restaurants Inc.
Store Count: 844
S&P Rating: BBB

S&P Outlook: Stable

Moody Rating: Baa3

Moody Outlook: Stable

Typical Lease Characteristics

Lease Term: 10 – 15 Years  Years

Lease Type: Absolute NNN Lease 

Lease Increases: 10% Every 5 years 

Lease Extensions: 4-5 (5) Year Options

Lease Guarantor: Corporate

Positives:

  • Public Company, Credit Rated
  • Strong Parent Company
  • Typically Long term leases with increases

Negatives:

  • Consumers are showing a growing interest in healthy fast food.
  • Competitive Industry Sector
  • Susceptible to economic trends and pressures

Market Snapshots:

On Market Ranges:

# of Properties in set: 6

Price: $3,407,910 - $4,376,060Average: $3,872,622

PPSF: $430 - $580Average: $511

Year Built: 1971 - 2011Average: 2001

CAP Rate Range: 4.89% - 5.67%Average: 5.20%

Size range: 7,399 sq ft - 8,000 sq ft Average: 7,590 sq ft

Last 12 Month Range:

# of Properties in set: 14

Price: $2,349,550 - $2,977,920Average: $2,732,032

PPSF: $281 - $330Average: $309

Year Built: 1966 - 2006Average: 1992

CAP Rate Range: 4.63% - 5.78%Average: 5.03%

Size range: 6,836 sq ft - 11,156 sq ft Average: 8,706 sq ft

Olive Garden Company Profile

Headquarters Information

Orlando, Florida

Founded in 1982

Company type: Public

Stock Ticker: DRI

Parent Company: Darden Restaurants Inc.

Sector: Services

Industry: Restaurant

S&P Rating: BBB

S&P Outlook: Stable

S&P Rating: Baa3

Moody Outlook: Stable

Olive Garden Stock Keys

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