Darden Restaurants Inc. is selling one of its premier Olive Garden locations in Orlando for $12.2 million at a cap rate of 4.25 percent. This is part of the company’s plan to sell and then lease back properties that it owns in order to free up capital currently locked in real estate. Located at 8984 International Drive in the heart of the tourist district, the 10,386 a square foot building sits on 3.61 acres. The listing states that Olive Garden has a 20 year lease on the property and generates an annual net operating income of $519,300. The listing agents for the property are The boulder Group and Lee & Associates.
