Restaurant
Red Lobster
2027 Beltline Rd SW, Decatur, AL 35601
Listing Price: $2,650,000
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
Listing Price: $2,650,000
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
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Eddie Greenhalgh
Senior Vice President Investments
