Olive Garden

• Operating History – Tenant opened for business in 1990.
• Rental Increases – 2% annual increases along with an 11% increase with the next renewal option is equal to a 20% increase in rent versus the current rate.
• Recent 10-Year Extension – Tenant amended & extended the lease in 2021 for a total of 10 years, showing further commitment & operational success at this location.
• North Roan St – over 1.2M+ retail square footage within the primary retail node around The Mall at Johnson City & I-26.
• The Mall at Johnson City – primary enclosed shopping destination anchored by DICK’S Sporting Goods, Belk, JCPenney, HomeGoods, & seeing 6.4M+ annual visitors.
• National Retailers Nearby – includes Raising Cane’s (new), Target, Valvoline (new), 7 Brew (new), Firestone, Chipotle (new), Texas Roadhouse, & many more.
• #1 Most Desired U.S. Relocation Destination – 2025 Analysis according to MoveBuddha.
• Parent Company : Darden Restaurants | Locations : 2,400+ | 2026 Revenue : $13.2 Billion (+9.4% YoY Growth) | 2026 Net Income : $1.2 Billion (+15.0% YoY Growth) | 2026 Assets : $12.9 Billion (+2.2% YoY Growth)
• Term Remaining : 5+ Years (exp. 8/31/2031) | Lease : Absolute NNN Ground Lease | Year Built/Renovated : 1990/2021 | Options : Three (3), 5-Years | Property Info : 8,950 SF | 0.99 Acres
• Student Population – 14,000+ Students | Record Incoming Class – ETSU welcomed over 2,300 first-year students this fall, its largest freshman class in university history.