Restaurant
Red Lobster
3906 Towne Crossing Blvd, Mesquite, TX 75150
Listing Price: $8,688,152
Investment Overview
Marcus & Millichap is pleased to present the offering memorandum for a Red Lobster located at 3906 Towne Crossing Blvd, Mesquite, TX. The site consists of roughly 9,312 rentable square feet of building space on an estimated 2.02-acre parcel of land. This Red Lobster is subject to a long-term, absolute triple-net (NNN) lease, which commenced October 28th, 2015. The marketed annual rent is $456,128 and is scheduled to increase by 2.00% annually throughout the remainder of the base term and in each of the four (4), five (5)-year tenant renewal options.
Listing Price: $8,688,152
Investment Highlights
- Long-Term, Absolute Triple-Net (NNN) Lease with Approximately 17.7 Years Remaining on the Base Term
- Corporate Tenant | Corporate Guaranty
- Attractive Rental Increases of Two Percent (2.00%) Annually
Investment Overview
Marcus & Millichap is pleased to present the offering memorandum for a Red Lobster located at 3906 Towne Crossing Blvd, Mesquite, TX. The site consists of roughly 9,312 rentable square feet of building space on an estimated 2.02-acre parcel of land. This Red Lobster is subject to a long-term, absolute triple-net (NNN) lease, which commenced October 28th, 2015. The marketed annual rent is $456,128 and is scheduled to increase by 2.00% annually throughout the remainder of the base term and in each of the four (4), five (5)-year tenant renewal options.
