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Restaurant

Red Lobster

2283 W March Ln, Stockton, CA 95207

Listing Price: $6,899,942

Cap Rate
5.25%
Tenant Name
Red Lobster Intermediate Holdings LLC
Years Remaining On Lease
18.2
Guarantor
Corporate Guarantee
Rentable SF
8,409
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$43.08

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Red Lobster located at 2283 West March Lane in Stockton, California. The site consists of roughly 8,409 rentable square feet of building space on an estimated 0.27-acre parcel of land. This Red Lobster is subject to a long-term absolute triple-net (NNN) lease, which commenced October 28th, 2015. The current annual rent is $355,144 and is scheduled to increase to $362,247 in August 2022. Rent will increase 2% 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 Over 18 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

  • Daniel A. Kapic

    Vice President/Regional Manager

    (916) 724-1400

    License(s) CA: 01437375

    California

Restaurant

Red Lobster

Listing Price: $6,899,942

Cap Rate
5.25%
Tenant Name
Red Lobster Intermediate Holdings LLC
Years Remaining On Lease
18.2
Guarantor
Corporate Guarantee
Rentable SF
8,409
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$43.08

Investment Highlights

  • Long-Term, Absolute Triple-Net (NNN) Lease with Over 18 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 exclusive listing for a Red Lobster located at 2283 West March Lane in Stockton, California. The site consists of roughly 8,409 rentable square feet of building space on an estimated 0.27-acre parcel of land. This Red Lobster is subject to a long-term absolute triple-net (NNN) lease, which commenced October 28th, 2015. The current annual rent is $355,144 and is scheduled to increase to $362,247 in August 2022. Rent will increase 2% 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

  • Daniel A. Kapic

    Vice President/Regional Manager

    (916) 724-1400

    License(s): CA: 01437375

    California

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