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Restaurant

Red Lobster

8210 I-35, North San Antonio, TX 78239

Listing Price: $7,883,390

Cap Rate
5.25%
Tenant Name
Red Lobster Hospitality, LLC
Years Remaining On Lease
17.1
Guarantor
Corporate Guarantee
Rentable SF
8,917
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$46.41

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.

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

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Josh Kanter

    Licensed Real Estate Salesperson

    (212) 430-5189

    Email Josh

    License(s): NY: 10401265643

    Manhattan

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Listing Price: $7,883,390

Cap Rate
5.25%
Tenant Name
Red Lobster Hospitality, LLC
Years Remaining On Lease
17.1
Guarantor
Corporate Guarantee
Rentable SF
8,917
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$46.41

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

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Josh Kanter

    Licensed Real Estate Salesperson

    (212) 430-5189

    Email Josh

    License(s): NY: 10401265643

    Manhattan

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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