Restaurant
Red Lobster
198 W NY-59, Nanuet, NY 10954
Listing Price: $6,197,123
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Red Lobster located at 198 West Route 59 in Nanuet, New York. The site consists of roughly 8,477 rentable square feet of building space on an estimated 2.18-acre parcel of land. This Red Lobster is subject to a long-term absolute triple-net (NNN) lease, which commenced December 17th, 2015. The current annual rent is $325,349 and is scheduled to increase by 2.00% annually throughout the remainder of the base
Exclusively Listed By
Listing Price: $6,197,123
Investment Highlights
- Long-Term, Absolute Triple Net (NNN) Lease, Zero Landlord Obligations
- 17+ Years Of Lease Term Remaining
- Attractive 2.00% Annual Rental Bumps | Strong Inflation Hedge
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Red Lobster located at 198 West Route 59 in Nanuet, New York. The site consists of roughly 8,477 rentable square feet of building space on an estimated 2.18-acre parcel of land. This Red Lobster is subject to a long-term absolute triple-net (NNN) lease, which commenced December 17th, 2015. The current annual rent is $325,349 and is scheduled to increase by 2.00% annually throughout the remainder of the base
Exclusively Listed By
