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| 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 14.7 | 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+...
| 1 Miles | 3 Miles | 5 Miles | |
| 2029 Total Population : | 14,592 | 110,558 | 234,532 |
| 2024 Total Population : | 14,466 | 111,286 | 236,837 |
| 2024 Employed Civilian Pop : | 6,589 | 55,137 | 119,226 |
| 2024 Total Businesses : | 878 | 5,657 | 12,021 |
| 2024 Average Household Income : | $ 84,735 | $ 103,189 | $ 100,447 |
| 2024 Total Consumer Spending : | $ 611 M | $ 4735 M | $ 9582 M |
| 2024 Median Age : | 60 | 52 | 50 |
| 2024 Total Households : | 8,198 | 52,418 | 109,055 |
| 2024 Pop Age 25+: Bachelor's Degree : | 2,779 | 20,620 | 44,052 |
| 2024 Average Home Value : | $ 388,540 | $ 441,108 | $ 467,026 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Countryside Blvd | 2022 | 1,700 | 0.04 mi | |
| Enterprise Rd | Countryside Blvd | 2001 | 5,535 | 0.14 mi |
| US Hwy 19 | Enterprise Rd | 2011 | 81,419 | 0.16 mi |
| Enterprise Road | Countryside Blvd | 2022 | 5,900 | 0.20 mi |
| Countryside Blvd | Enterprise Rd | 2011 | 18,968 | 0.27 mi |
| Countryside Blvd | 2022 | 1,700 | 0.37 mi | |
| Main St | 2022 | 1,700 | 0.38 mi | |
| Enterprise Rd E | Village Dr | 2011 | 14,013 | 0.40 mi |
| Countryside Blvd | Belcher Rd | 2010 | 25,666 | 0.48 mi |
| US Highway 19 North | 1st Ave N | 2022 | 119,000 | 0.50 mi |
Maumee, OH
Cap Rate 7.00%
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R. Term 7.50 yrs
Size/SF 7,083
Baytown, TX
Cap Rate 5.75%
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Gaffney, SC
Cap Rate 6.50%
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Hanover, PA
Cap Rate 7.00%
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San Angelo, TX
Cap Rate 6.50%
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Ridgeland, MS
Cap Rate 6.85%
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Cincinnati, OH
Cap Rate 7.00%
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R. Term 9.40 yrs
Size/SF 8,200
Inverness, FL
Cap Rate 6.00%
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R. Term 12.40 yrs
Size/SF 6,174
Troy, MI
Cap Rate 5.75%
Lease Abs NNN
R. Term 7.10 yrs
Size/SF 8,329
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
