Red Lobster NNN Property For Sale
Red Lobster properties typically feature long-term absolute NNN leases, offering stable investment opportunities with regular rental escalations, often 2% annually. The brand, established in 1968, operates over 700 locations and is recognized for its extensive seafood offerings. Following its sale in 2014 by Darden Restaurants Inc. to Golden Gate Capital, Red Lobster solidified its position as a privately held entity with strong real estate backing.
- Asking price $3.00M
- 5.80% cap rate
- NOI $175,000
- 20 years remaining
- NNN lease
- Year built: 1968
- Building size: 8,000 SF
- Rent increases: 2% Annually
- Guarantor: Corporate
Asset type: Restaurant