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The Cooper Commercial Investment Group is pleased to announce the sale of the brand-new Olive Garden located in Piqua, Ohio, a suburb of Dayton. The publicly traded tenant, Olive Garden (NYSE: DRI (Darden), S&P “BBB”, Moody’s “Baa2”), occupies a newly constructed 6,500-square-foot building completed in 2025. The property is secured by a brand-new lease with the full 10-years of term remaining.
Dan Cooper, President and Broker of the Cooper Commercial Investment Group in Cleveland, Ohio, had the privilege to represent the Seller, a long-time client with whom he has successfully completed several transactions. The property sold for approximately $2.8 million to an all-cash California-based Buyer, representing a 5.90% CAP Rate. The transaction moved from contract to close in just 45 days, highlighting both the quality of the asset and the certainty of execution provided by the parties involved.
The Cooper Group looks forward to working with parties interested in selling and/or acquiring other similar commercial assets and encourages you to contact them for a no obligation evaluation of your commercial property. Visit the Cooper Group's website at coopergrp.com for the most current listings and information, stay connected by liking them on Facebook, following on X (formerly Twitter) @TheCooperGrp, and connecting on LinkedIn.
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