Restaurant
Red Lobster
4450 Rodeo Rd, Santa Fe, NM 87507
Listing Price: $4,598,767
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Red Lobster located at 4450 Rodeo Road in Santa Fe, New Mexico. The site consists of roughly 8,083 rentable square feet of building space on an estimated 0.56-acre parcel of land. This Red Lobster is subject to a 25-year absolute triple-net (NNN) lease, which commenced December 17th, 2015. The current annual rent is $275,926 and is scheduled to increase by 2.00% annually throughout the remainder of the base term and in each of the four (4), five (5)-year tenant renewal options.
Listing Price: $4,598,767
Investment Highlights
- Long-Term, Absolute Triple Net (NNN) Lease, Zero Landlord Obligations
- +/- 20 Years Of Lease Term Remaining With 2.00% Annual Bumps
- Four (4), Five (5)-Year Tenant Renewal Options
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Red Lobster located at 4450 Rodeo Road in Santa Fe, New Mexico. The site consists of roughly 8,083 rentable square feet of building space on an estimated 0.56-acre parcel of land. This Red Lobster is subject to a 25-year absolute triple-net (NNN) lease, which commenced December 17th, 2015. The current annual rent is $275,926 and is scheduled to increase by 2.00% annually throughout the remainder of the base term and in each of the four (4), five (5)-year tenant renewal options.
