Restaurant
Red Lobster
9801 Independence Pointe Pkwy, Matthews, NC 28105
Listing Price: $4,370,320
Investment Overview
Marcus & Millichap is pleased to present for sale the Red Lobster location at 9801 Independence Pointe Pkwy in Matthews, NC. This location is on a Corporately guaranteed Absolute Net lease with no landlord responsibilities and features 2% annual rent increases. There are almost 16 years of remaining lease term with four 5-year options to extend.
The subject property consists of a 5,880 SF building on a large 3.22-acre parcel. It is located adjacent to East Independence Blvd, which sees over 54,000 vehicles daily. The property sits in the heart of a major retail corridor, with several national, regional, and local tenants nearby, including Chick-Fil-A, Applebees, Walmart, Target, Costco and many more.
Matthews is part of the Charlotte MSA, which is North Carolina’s largest city. The area has strong demographics, with over 185,000 residents within 5 miles of the property. Matthews is an affluent community, with an average household income of more than $110,000 within a five-mile radius of the property.
Red Lobster
Investment Highlights
- Corporately backed lease with 2% annual increases
- Absolute net lease with zero landlord responsibilities
- Densely populated area, with more than 185, 000 residents within 5 miles of the site
- 15+ years remaining on lease with 4 (5) year options
- Located in a major retail corridor surrounded by many national tenants
- More than 54,000 vehicles pass the site every day
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $4,370,320
Investment Highlights
- Corporately backed lease with 2% annual increases
- Absolute net lease with zero landlord responsibilities
- Densely populated area, with more than 185, 000 residents within 5 miles of the site
- 15+ years remaining on lease with 4 (5) year options
- Located in a major retail corridor surrounded by many national tenants
- More than 54,000 vehicles pass the site every day
Investment Overview
Marcus & Millichap is pleased to present for sale the Red Lobster location at 9801 Independence Pointe Pkwy in Matthews, NC. This location is on a Corporately guaranteed Absolute Net lease with no landlord responsibilities and features 2% annual rent increases. There are almost 16 years of remaining lease term with four 5-year options to extend. The subject property consists of a 5,880 SF building on a large 3.22-acre parcel. It is located adjacent to East Independence Blvd, which sees over 54,000 vehicles daily. The property sits in the heart of a major retail corridor, with several national, regional, and local tenants nearby, including Chick-Fil-A, Applebees, Walmart, Target, Costco and many more. Matthews is part of the Charlotte MSA, which is North Carolina’s largest city. The area has strong demographics, with over 185,000 residents within 5 miles of the property. Matthews is an affluent community, with an average household income of more than $110,000 within a five-mile radius of the property.
Exclusively Listed By
Broker of Record
Financing By
