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LOS ANGELES-A private investor has gobbled up a Chino restaurant pad in a deal valued at $1.4 million. Encompassing 9,100 sf, the property is currently occupied by Olive Garden.

Located at 5526 Philadelphia, the restaurant has been sold by Pacific Newport Properties. Alan Krueger and Scott Hook of Marcus & Millichap’s Ontario office represented both the buyer and the seller.

Founded in 1982, the Olive Garden restaurant chain specializes in Italian food. It is owned by Darden Restaurants Inc., which also counts Red Lobster, Bahama Breeze and Smokey Bones in its family of food establishments. The company operates more than 1,100 restaurants and employs more than 122,000 workers in North America. All Darden Restaurants’ food establishments are owned by the company, as it offers no franchise opportunities domestically. Darden’s stock last closed at $30.10.

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