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Restaurant

Red Lobster

2027 Beltline Rd SW, Decatur, AL 35601

Listing Price: $2,650,000

Cap Rate
5.00%
Tenant Name
Red Lobster
Years Remaining On Lease
17.0
Guarantor
Corporate Guarantee
Rentable SF
6,165
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.50

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Red Lobster located at 2027 Beltline Rd in Decatur, AL. The site consists of roughly 6,165 rentable square feet of building space on estimated 1.83-acre parcel of land. This Red Lobster is subject to a 22-year absolute triple-net (NNN) lease, which commenced May 26, 2017. The current annual rent will be $132,525 on August 1, 2022 and is scheduled to increase by 2.00% annually throughout the base term and in each of the four (4), five (5)-year tenant renewal option periods.

Investment Highlights

  • Long-term, 25-year Absolute Triple Net (NNN) Lease
  • Approximately 17+ Years Remaining
  • Two Percent (2.00%) Rental Increases Annually | Strong Hedge Against Inflation

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Listing Price: $2,650,000

Cap Rate
5.00%
Tenant Name
Red Lobster
Years Remaining On Lease
17.0
Guarantor
Corporate Guarantee
Rentable SF
6,165
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.50

Investment Highlights

  • Long-term, 25-year Absolute Triple Net (NNN) Lease
  • Approximately 17+ Years Remaining
  • Two Percent (2.00%) Rental Increases Annually | Strong Hedge Against Inflation

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Red Lobster located at 2027 Beltline Rd in Decatur, AL. The site consists of roughly 6,165 rentable square feet of building space on estimated 1.83-acre parcel of land. This Red Lobster is subject to a 22-year absolute triple-net (NNN) lease, which commenced May 26, 2017. The current annual rent will be $132,525 on August 1, 2022 and is scheduled to increase by 2.00% annually throughout the base term and in each of the four (4), five (5)-year tenant renewal option periods.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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