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Restaurant

Red Lobster

3906 Towne Crossing Blvd, Mesquite, TX 75150

Listing Price: $8,688,152

Cap Rate
5.25%
Tenant Name
Red Lobster Hospitality LLC
Years Remaining On Lease
17.6
Guarantor
Corporate Guarantee
Rentable SF
9,312
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$48.98

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.

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

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Listing Price: $8,688,152

Cap Rate
5.25%
Tenant Name
Red Lobster Hospitality LLC
Years Remaining On Lease
17.6
Guarantor
Corporate Guarantee
Rentable SF
9,312
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$48.98

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.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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