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Restaurant

Red Lobster

370 Mall Dr, Danville, VA 24540

Listing Price: $2,969,000

Cap Rate
5.90%
Tenant Name
Red Lobster
Years Remaining On Lease
18.6
Guarantor
Corporate Guarantee
Rentable SF
5,498
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.86

Investment Overview

Marcus & Millichap is pleased to exclusively present Red Lobster located at, 370 Mall Drive, Danville, Virginia.

Investment Highlights

  • Recent Lease Extension – 18 Years Remaining with Three Five–Year Options.
  • Beginning January 1st, 2025, 1% Annual Increases that will Continue Throughout the Remaining Term and into the Option Periods.
  • Located at the Entrance to the Danville Mall.

Exclusively Listed By

  • Ben Sgambati

    Senior Vice President Investments

    (201) 742-6113

    Email Ben

    License(s): NJ: 8337646, NY: 30SG0878955

    New Jersey

  • Alan Cafiero

    Senior Managing Director Investments

    (201) 742-6118

    Email Alan

    License(s): NJ: 0791092

    New Jersey

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Restaurant

Red Lobster

Listing Price: $2,969,000

Cap Rate
5.90%
Tenant Name
Red Lobster
Years Remaining On Lease
18.6
Guarantor
Corporate Guarantee
Rentable SF
5,498
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.86

Investment Highlights

  • Recent Lease Extension – 18 Years Remaining with Three Five–Year Options.
  • Beginning January 1st, 2025, 1% Annual Increases that will Continue Throughout the Remaining Term and into the Option Periods.
  • Located at the Entrance to the Danville Mall.

Investment Overview

Marcus & Millichap is pleased to exclusively present Red Lobster located at, 370 Mall Drive, Danville, Virginia.

Exclusively Listed By

  • Ben Sgambati

    Senior Vice President Investments

    (201) 742-6113

    Email Ben

    License(s): NJ: 8337646, NY: 30SG0878955

    New Jersey

  • Alan Cafiero

    Senior Managing Director Investments

    (201) 742-6118

    Email Alan

    License(s): NJ: 0791092

    New Jersey

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

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