Sold Subscription Required
| Price $4,101,008 | Built/Renov 1995 | Tenant Red Lobster |
| Cap Rate 6.25% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
7,270
| Lease Start
12-17-2015
| #Units
700
|
| Price/SF $564.10 | Expiration
07-31-2039
| Tenant Type Casual Dining |
| NOI $256,313 | R. Term 14.10 | Ownership Fee Simple |
| Rent/SF
$35.26
| Increases 2.0%/1/yrs | Pop 5Mi 234,749 |
| Lot/AC 1.28 | Options 4/5yrs/2% | AHHI 5Mi $76,615 |
| | |
Red Lobster is strategically located on US Highway 19N, a major thoroughfare, with access to a substantial combined daily traffic count of 119,000 vehicles. The property is situated within a dense retail corridor, surrounded by well-known national tenants including Chick-fil-A, Wawa, PetSmart, Ross Dress for Less, Lowe’s, BJ’s, and more. Additionally, it is adjacent to the Countryside Mall,...
...Build to suit
High traffic 50M+ VPD
Highway location
Top 100 MSA
Strong demographics
Income tax free state
Absolute NNN
Long 10+ yr lease
Corporate Guarantee
Red Lobster is the largest seafood restaurant concept in the world and is an iconic full-service brand with broad demographic appeal. The company was founded in 1968 and today operates 700+...
Maumee, OH
Cap Rate 7.00%
Lease Abs NNN
R. Term 7.60 yrs
Size/SF 7,083
Baytown, TX
Cap Rate 5.75%
Lease Abs NNN
R. Term 14.80 yrs
Size/SF 4,987
Inverness, FL
Cap Rate 6.00%
Lease Abs NNN
R. Term 12.60 yrs
Size/SF 6,174
Gaffney, SC
Cap Rate 6.50%
Lease Abs NNN
R. Term 12.10 yrs
Size/SF 6,172
San Angelo, TX
Cap Rate 6.50%
Lease Abs NNN
R. Term 12.10 yrs
Size/SF 6,184
Ridgeland, MS
Cap Rate 6.85%
Lease Abs NNN
R. Term 9.70 yrs
Size/SF 6,500
Cincinnati, OH
Cap Rate 7.00%
Lease Abs NNN
R. Term 9.40 yrs
Size/SF 8,200
Troy, MI
Cap Rate 5.75%
Lease Abs NNN
R. Term 7.11 yrs
Size/SF 8,329
Hanover, PA
Cap Rate 7.00%
Lease Abs NNN
R. Term 20.10 yrs
Size/SF 5,120
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
