Restaurant
Red Lobster
8210 I-35, North San Antonio, TX 78239
Listing Price: $7,883,390
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Red Lobster located at 8210 Interstate-35 in San Antonio, Texas. The site consists of roughly 8,917 rentable square feet of building space on estimated 1.62-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 $413,878 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 , five -year renewal options.
Exclusively Listed By
Broker of Record
Listing Price: $7,883,390
Investment Highlights
- Long-Term, 25-Year Absolute Triple Net (NNN) Lease with ~17 Years Remaining
- Corporate Guaranty (700+ Locations in U.S. & Canada)
- Attractive Two Percent (2.00%) Annual Rental Increases
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Red Lobster located at 8210 Interstate-35 in San Antonio, Texas. The site consists of roughly 8,917 rentable square feet of building space on estimated 1.62-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 $413,878 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 , five -year renewal options.
Exclusively Listed By
Broker of Record
