Red Lobster NNN Properties for Sale
11 live Red Lobster listings as of October 7, 2026.
Red Lobster cap rates by band
| Cap rate band | Listings | Average asking price |
|---|---|---|
| 5.00% – 5.99% | 3 | $4.85M |
| 6.00% – 6.99% | 8 | $4.46M |
Red Lobster listings by state
| State | Listings | Average cap rate |
|---|---|---|
| Illinois | 2 | 6.50% |
| New York | 2 | 5.95% |
| Florida | 1 | 6.50% |
| Georgia | 1 | 6.90% |
| Michigan | 1 | 6.80% |
| Oklahoma | 1 | 6.67% |
| Tennessee | 1 | 6.19% |
| Virginia | 1 | 6.43% |
Red Lobster remaining lease term
| Remaining term | Listings | Average cap rate |
|---|---|---|
| 5 – 9.9 years | 1 | 6.50% |
| 10 – 14.9 years | 2 | 6.74% |
| 15+ years | 8 | 6.28% |
Buying Red Lobster in a 1031 exchange
In a 1031 exchange, replacement property must be identified within 45 days of selling the relinquished property and the purchase must close within 180 days. A qualified intermediary holds the sale proceeds in between. Speak with your own tax adviser about your situation.
10 of the 11 live Red Lobster listings have 10 or more years of primary lease term remaining (as of October 7, 2026).
Red Lobster due-diligence checklist
- Read the full lease: confirm the firm term, renewal options, rent schedule and every landlord responsibility.
- Confirm who guarantees the lease (corporate, franchisee or personal) and review the guarantor’s financial statements where available.
- Order tenant estoppel and SNDA documents before closing.
- Review the title commitment, survey and zoning report for the parcel.
- Commission a Phase I environmental site assessment.
- Inspect the roof, structure, parking lot and HVAC, and confirm any warranties.
- Verify property tax, insurance and CAM reimbursements against the lease.
- Review store-level sales or rent-to-sales data if the tenant reports it.
Red Lobster net lease FAQ
How many Red Lobster net lease properties are for sale?
Net Lease World shows 11 live Red Lobster listings as of October 7, 2026.
What cap rates are Red Lobster properties listed at?
Live Red Lobster listings with a published cap rate range from 5.80% to 6.90%, with a median of 6.43% (as of October 7, 2026). These are asking cap rates, not closed sales.
What is the typical asking price for a Red Lobster property?
The median asking price across live Red Lobster listings with a published price is $4.41M (as of October 7, 2026).
Which states have the most Red Lobster listings?
Illinois (2), New York (2), Florida (1). Listings appear in 8 states in total (as of October 7, 2026).
How much lease term is left on Red Lobster listings?
The median remaining primary lease term is 18.9 years; 10 listings have 10 or more years remaining (as of October 7, 2026).
Live Red Lobster listings
- Red Lobster — Savannah, GA · Asking $4.49M · 6.90% cap rate
- Red Lobster — Stony Brook, NY · Asking $5.78M · 5.95% cap rate
- Red Lobster — MI · Asking $4.20M · 6.80% cap rate
- Red Lobster — Clarksville, TN · Asking $5.49M · 6.19% cap rate
- Red Lobster — Orland Park, IL · Asking $6.53M · 6.43% cap rate
- Red Lobster — Stony Brook, NY · Asking $5.78M · 5.95% cap rate
- Red Lobster — Shawnee, OK · Asking $3.98M · 6.67% cap rate
- Red Lobster — West Dundee, IL · Asking $4.41M · 6.57% cap rate
- Red Lobster — Harrisonburg, VA · Asking $2.48M · 6.43% cap rate
- Red Lobster — Orlando, FL · Asking $4.10M · 6.50% cap rate
- Red Lobster · Asking $3.00M · 5.80% cap rate