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| Price $3,994,000 | Built/Renov 1997/2012 | Tenant Red Lobster |
| Cap Rate 7.00% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
5,120
| Lease Start
08-01-2018
| #Units
700
|
| Price/SF $780.08 | Expiration
07-31-2044
| Tenant Type Casual Dining |
| NOI $279,587 | R. Term 19.7 | Ownership Fee Simple |
| Rent/SF
$54.61
| Increases 2.0%/1/yrs | Pop 5Mi 65,958 |
| Lot/AC 1.00 | Options 3/5yrs/2% | AHHI 5Mi $87,529 |
| | |
Red Lobster is strategically located at the signalized, hard corner intersection of W Eisenhower Dr and the western entrance to the Walmart Supercenter and Giant-anchored Hanover Crossing Shopping Center, with access to 15,480 vehicles passing by daily. W. Eisenhower Dr serves as the primary retail corridor in the area and is home to numerous national retailers, including Lowe’s, Home Depot,...
...Signalized intersection
Dense retail corridor
Near major nationals
Shopping Ctr out-parcel
Strategically located
Affluent suburb location
Long 20+ yr lease
Absolute NNN
Annual rent increases
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 | |
| 2028 Total Population : | 5,230 | 39,599 | 66,625 |
| 2023 Total Population : | 5,110 | 39,250 | 65,861 |
| 2023 Employed Civilian Pop : | 2,441 | 20,367 | 33,998 |
| 2023 Total Businesses : | 466 | 1,647 | 2,344 |
| 2023 Average Household Income : | $ 100,054 | $ 83,504 | $ 91,063 |
| 2023 Total Consumer Spending : | $ 203 M | $ 1187 M | $ 2093 M |
| 2023 Median Age : | 52 | 42 | 43 |
| 2023 Total Households : | 2,348 | 16,433 | 26,660 |
| 2023 Pop Age 25+: Bachelor's Degree : | 609 | 3,846 | 7,330 |
| 2023 Average Home Value : | $ 263,355 | $ 241,354 | $ 262,169 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Eisenhower Dr | Wilson Ave | 2016 | 9,610 | 0.20 mi |
| Broadway | Grant Dr | 2021 | 11,177 | 0.54 mi |
| Moulstown Rd | Moul Ave | 2017 | 8,275 | 0.55 mi |
| Grant Dr | Deguy Ave | 2016 | 6,111 | 0.57 mi |
| Eichelberger Street | Kennedy Ct | 2019 | 2,530 | 0.64 mi |
| Eichelberger St | Kennedy Ct | 2016 | 2,520 | 0.66 mi |
| Eisenhower Drive | Chapelwood Dr | 2022 | 8,581 | 0.67 mi |
| Abbottstown Pike | Hickory Ln | 2017 | 11,176 | 0.74 mi |
| Eisenhower Drive | Eichelberger St | 2019 | 13,718 | 0.80 mi |
| Radio Road | Carlisle St | 2022 | 7,889 | 0.87 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
