Description

Pegasus Investments Real Estate Advisory Inc. and ParaSell, Inc., acting as exclusive advisors to the seller, are pleased to present the opportunity to acquire a newly constructed, 100% absolute triple-net leased Olive Garden restaurant located in El Paso. Delivered in 2026, the property is leased to Olive Garden Holdings, LLC, a wholly owned subsidiary of Darden Restaurants, Inc. (NYSE: DRI), an investment-grade rated Fortune 500 company with an S&P credit rating of BBB. Constructed ground-up by Darden, the approximately 7,828-square-foot freestanding restaurant sits on a 1.98-acre parcel within Montana Commons, a newly developed and fully leased six-pad retail project anchored by nationally recognized operators including QuikTrip, Portillo's, Panda Express, LongHorn Steakhouse, and Mister Car Wash. The lease features a new 10-year primary term with 10% rent increases every five years and four additional five-year extension options, providing investors with durable, long-term passive income supported by one of the strongest restaurant operators in the industry. Darden Restaurants, Inc. is the world’s largest full-service restaurant company and the parent organization behind several of America’s most recognized dining brands. Olive Garden remains Darden’s flagship concept and largest revenue generator, recently surpassing $5 billion in annual sales across approximately 935 locations nationwide while averaging nearly $5.6 million in sales per restaurant. Between fiscal year-end 2021 and 2025, Darden expanded annual sales from approximately $7.2 billion to $12.1 billion, reflecting nearly 70% overall growth. The investment benefits from exceptional surrounding retail synergy, including direct proximity to one of the nation’s highest-performing Walmart Supercenters, ranked within the top 1% nationally according to Placer.ai, as well as a nearby Lowe's location. The commitment of neighboring tenants is further validated by the fact that QuikTrip, Mister Car Wash, and Panda Express each purchased their own parcels within Montana Commons at market pricing, reinforcing long-term confidence in the corridor. Located within East El Paso, the property serves one of the fastest-growing and most affluent submarkets in the metropolitan area, with average household incomes exceeding $93,000 within a five-mile radius and a surrounding trade area population approaching 200,000 residents. Long-term economic growth in the region is being fueled by transformative infrastructure and employment initiatives, including the nearly $400 million Montana Expressway project by TxDOT, expected to accommodate more than 100,000 vehicles daily upon completion in 2027. The area also benefits from the substantial economic impact of Fort Bliss, which supports approximately 127,000 jobs and generates roughly $28 billion annually for the regional economy. In March 2026, Fort Bliss was selected as the location for a major hyperscale AI data center by The Carlyle Group, a project expected to create an additional 2,000 jobs and attract billions in private investment. Furthermore, El Paso’s international ports of entry facilitate nearly $100 billion in annual trade, while the metro population surpassed one million residents in 2025, complemented by the adjacent population base of approximately two million residents in Ciudad Juárez. Combining investment-grade tenancy, a fully passive absolute NNN lease structure, strong built-in rent growth, and positioning within one of the Southwest’s fastest-growing economic corridors, this offering represents a premier long-term net lease investment opportunity.