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Restaurant

Red Lobster (Extremely High Performer)

3360 Camp Creek Pkwy, Atlanta, GA 30344

Listing Price: $10,684,545

Cap Rate
5.50%
Tenant Name
Red Lobster Restaurants, LLC
Years Remaining On Lease
17.2
Guarantor
Corporate Guarantee
Rentable SF
7,872
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$74.65

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Red Lobster located at 30344 Camp Creek Parkway in Atlanta, Georgia. The site consists of roughly 7,872 rentable square feet of building space on estimated 1.89-acre parcel of land. The Red Lobster is subject to a 25-year absolute triple-net (NNN) lease, which commenced December 17, 2015. The annual rent will be $587,650 on August 1, 2022 and is scheduled to increase by two percent (2.00%) annually throughout the base term and in each of the four (4), five (5)-year renewal options.

Investment Highlights

  • Extremely High Performing Location | One of the Top Stores in the Chain
  • Long-Term, 25-Year Absolute Triple Net (NNN) Lease with ~17.25 Years Remaining
  • Corporate Guaranty (700+ Locations in U.S. & Canada)

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Josh Kanter

    Licensed Real Estate Salesperson

    (212) 430-5189

    Email Josh

    License(s): NY: 10401265643

    Manhattan

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Restaurant

Red Lobster (Extremely High Performer)

Listing Price: $10,684,545

Cap Rate
5.50%
Tenant Name
Red Lobster Restaurants, LLC
Years Remaining On Lease
17.2
Guarantor
Corporate Guarantee
Rentable SF
7,872
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$74.65

Investment Highlights

  • Extremely High Performing Location | One of the Top Stores in the Chain
  • Long-Term, 25-Year Absolute Triple Net (NNN) Lease with ~17.25 Years Remaining
  • Corporate Guaranty (700+ Locations in U.S. & Canada)

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Red Lobster located at 30344 Camp Creek Parkway in Atlanta, Georgia. The site consists of roughly 7,872 rentable square feet of building space on estimated 1.89-acre parcel of land. The Red Lobster is subject to a 25-year absolute triple-net (NNN) lease, which commenced December 17, 2015. The annual rent will be $587,650 on August 1, 2022 and is scheduled to increase by two percent (2.00%) annually throughout the base term and in each of the four (4), five (5)-year renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Josh Kanter

    Licensed Real Estate Salesperson

    (212) 430-5189

    Email Josh

    License(s): NY: 10401265643

    Manhattan

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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