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Restaurant

Red Lobster

198 W NY-59, Nanuet, NY 10954

Listing Price: $6,197,123

Cap Rate
5.25%
Tenant Name
Red Lobster Intermediate Holdings, LLC
Years Remaining On Lease
17.5
Guarantor
Corporate Guarantee
Rentable SF
8,477
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$38.38

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

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

Exclusively Listed By

Restaurant

Red Lobster

Listing Price: $6,197,123

Cap Rate
5.25%
Tenant Name
Red Lobster Intermediate Holdings, LLC
Years Remaining On Lease
17.5
Guarantor
Corporate Guarantee
Rentable SF
8,477
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$38.38

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

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