Restaurant
Red Lobster
2675 32nd Ave S, Grand Forks, ND 58201
Listing Price: $4,904,342
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Red Lobster located at 2675 32nd Avenue South in Grand Forks, North Dakota. The site consists of roughly 6,096 rentable square feet of building space on estimated 1.80-acre parcel of land. This Red Lobster is subject to an absolute triple-net (NNN) lease, which commenced July 28th, 2014. The rent is $294,260 starting August 2022 and is scheduled to increase by 2% annually throughout the base term and in each of the four (4), five (5)-year renewal options.
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $4,904,342
Investment Highlights
- Long-Term, Absolute Triple Net (NNN) Lease
- Approximately 22 Years Remaining
- Two Percent (2%) Rental Increases Annually
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Red Lobster located at 2675 32nd Avenue South in Grand Forks, North Dakota. The site consists of roughly 6,096 rentable square feet of building space on estimated 1.80-acre parcel of land. This Red Lobster is subject to an absolute triple-net (NNN) lease, which commenced July 28th, 2014. The rent is $294,260 starting August 2022 and is scheduled to increase by 2% annually throughout the base term and in each of the four (4), five (5)-year renewal options.
Exclusively Listed By
Broker of Record
Financing By
