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| Price $4,829,702 | Built/Renov 1973/2012 | Tenant Red Lobster |
| Cap Rate 8.00% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
8,534
| Lease Start
07-28-2014
| #Units
547
|
| Price/SF $565.94 | Expiration
07-31-2034
| Tenant Type Casual Dining |
| NOI $386,376 | R. Term 9.8 | Ownership Fee Simple |
| Rent/SF
$45.27
| Increases 2.0%/1/yrs | Pop 5Mi 142,756 |
| Lot/AC 1.67 | Options 4/5yrs/2% | AHHI 5Mi $97,535 |
| | |
Red Lobster is strategically located near the signalized, hard corner of McKelvey Road and Saint Charles Rock Road, the primary commercial corridor, with access to a combined daily traffic count of 43,500 vehicles. The property boasts excellent frontage and visibility and is shadow-anchored by Target. It is also situated across from The Plaza at DePaul, a shopping center anchored by Kohl's and...
...In location for years
Dense retail corridor
Near major nationals
Shopping Ctr out-parcel
Freeway close
Top 100 MSA
Strong demographics
Absolute NNN
Annual rent increases
Corporate Guarantee
Red Lobster is a leading casual dining seafood chain known for its iconic Cheddar Bay Biscuits and extensive seafood menu offerings, including shrimp, lobster, crab, and fresh fish. With over 500...
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
