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Restaurant

Red Lobster

2020 N Dixie Hwy, Elizabethtown, KY 42701

Listing Price: $4,100,000

Cap Rate
5.26%
Tenant Name
Red Lobster
Years Remaining On Lease
17.0
Guarantor
Corporate Guarantee
Rentable SF
5,507
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$39.18

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Red Lobster located at 2020 N Dixie Hwy in Elizabethtown, KY. The site consists of roughly 5,507 rentable square feet of building space on an estimated 1.65-acre parcel of land. This Red Lobster is subject to an absolute triple-net (NNN) lease, which commenced July 28th, 2014. The rent is $215,778 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.

Investment Highlights

  • Long-Term, Absolute Triple Net (NNN) Lease
  • Approximately 17 Years Remaining
  • Two Percent (2%) Rental Increases Annually

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KY: 242197

    Kentucky

Listing Price: $4,100,000

Cap Rate
5.26%
Tenant Name
Red Lobster
Years Remaining On Lease
17.0
Guarantor
Corporate Guarantee
Rentable SF
5,507
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$39.18

Investment Highlights

  • Long-Term, Absolute Triple Net (NNN) Lease
  • Approximately 17 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 2020 N Dixie Hwy in Elizabethtown, KY. The site consists of roughly 5,507 rentable square feet of building space on an estimated 1.65-acre parcel of land. This Red Lobster is subject to an absolute triple-net (NNN) lease, which commenced July 28th, 2014. The rent is $215,778 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

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KY: 242197

    Kentucky

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