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Restaurant

Red Lobster, Albany , NY

170 Wolf Rd, Albany, NY 12205

Listing Price: $7,000,000

Cap Rate
6.80%
Tenant Name
Red Lobster
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
9,474
Lease Type
NNN Ground Lease
Rent Per Square Feet
$50.04

Investment Overview

Red Lobster is the largest seafood restaurant concept in the world and is an
iconic full-service brand with broad demographic appeal and a significant
advertising budget (2nd-largest in casual dining)

The Company was founded in 1968 and currently operates 662 restaurants
throughout the United States and Canada, and has more than 40 franchised
restaurants in international markets

The company generates $2.6B in revenue and is one of the largest casual dining
concepts in North America

Investment Highlights

  • Long-Term, 25.5-Year Absolute Triple-Net (NNN) Lease with Approximately 16.5 Years Remaining on the Base Term
  • Corporate Tenant | Corporate Guaranty
  • Attractive Rental Increases of Two Percent (2.00%) Annually

Exclusively Listed By

Financing By

Restaurant

Red Lobster, Albany , NY

Listing Price: $7,000,000

Cap Rate
6.80%
Tenant Name
Red Lobster
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
9,474
Lease Type
NNN Ground Lease
Rent Per Square Feet
$50.04

Investment Highlights

  • Long-Term, 25.5-Year Absolute Triple-Net (NNN) Lease with Approximately 16.5 Years Remaining on the Base Term
  • Corporate Tenant | Corporate Guaranty
  • Attractive Rental Increases of Two Percent (2.00%) Annually

Investment Overview

Red Lobster is the largest seafood restaurant concept in the world and is an iconic full-service brand with broad demographic appeal and a significant advertising budget (2nd-largest in casual dining) The Company was founded in 1968 and currently operates 662 restaurants throughout the United States and Canada, and has more than 40 franchised restaurants in international markets The company generates $2.6B in revenue and is one of the largest casual dining concepts in North America

Exclusively Listed By

Financing By

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