Restaurant
Red Lobster
8219 NE Vancouver Mall Dr, Vancouver, WA 98662
Listing Price: $4,800,000
Investment Overview
Marcus & Millichap has been exclusively chosen to market Red Lobster, a prime dining destination, perfectly situated right next to the bustling Vancouver Mall. This location benefits from immediate proximity to major retailers such as Macy’s, JCPenney, AMC, Hobby Lobby, H&M, Round1 Bowling & Arcade, Ulta Beauty, and many more, making it an excellent choice for shoppers and families seeking a delicious seafood meal after a day at the mall. The restaurant occupies a spacious 9,307 square feet on a 1.62-acre lot, originally built in 1989 and thoughtfully renovated in 2012, ensuring a comfortable and modern dining experience. Its hard-corner placement at a high-traffic intersection just off State Route 500—traveled by over 69,000 vehicles daily—provides outstanding visibility and easy access for both locals and visitors. With the Vancouver Mall attracting up to 25,000 guests daily and even more during the holiday season, Red Lobster enjoys a steady stream of potential customers.
From an investment perspective, this Red Lobster location offers remarkable stability and long-term value with an absolute NNN lease structure. The property generates an annual rent of $300,000, with an annual 2% rent increase, and the lease term extending all the way to July 31, 2039. This long-term lease provides peace of mind for investors and ensures consistent income for years to come. Guests appreciate the restaurant’s extensive seafood menu, friendly service, and convenient amenities such as ample parking and accessibility features. The combination of a high-profile location, strong tenant, and enduring lease makes Red Lobster at Vancouver Mall a standout asset in the area.
Red Lobster
Investment Highlights
- Prime hard-corner Red Lobster next to Vancouver Mall with high foot traffic, top visibility, and steady exposure from mall-goers and busy intersection traffic.
- With an absolute NNN lease secured through July 31, 2039, investors enjoy exceptional income stability. Scheduled rent increases, including a 2% annual rent bump, provide built-in revenue growth.
- Located just off State Route 500, the site sees over 69,000 vehicles per day. The nearby Vancouver Mall attracts up to 25,000 visitors daily, with even higher numbers during peak shopping seasons.
- The property features 9,307 square feet on 1.62 acres, originally built in 1989 and renovated in 2012. This ensures a contemporary dining environment and reduces near-term capital expenditure needs.
Exclusively Listed By
Broker of Record
Listing Price: $4,800,000
Investment Highlights
- Prime hard-corner Red Lobster next to Vancouver Mall with high foot traffic, top visibility, and steady exposure from mall-goers and busy intersection traffic.
- With an absolute NNN lease secured through July 31, 2039, investors enjoy exceptional income stability. Scheduled rent increases, including a 2% annual rent bump, provide built-in revenue growth.
- Located just off State Route 500, the site sees over 69,000 vehicles per day. The nearby Vancouver Mall attracts up to 25,000 visitors daily, with even higher numbers during peak shopping seasons.
- The property features 9,307 square feet on 1.62 acres, originally built in 1989 and renovated in 2012. This ensures a contemporary dining environment and reduces near-term capital expenditure needs.
Investment Overview
Marcus & Millichap has been exclusively chosen to market Red Lobster, a prime dining destination, perfectly situated right next to the bustling Vancouver Mall. This location benefits from immediate proximity to major retailers such as Macy’s, JCPenney, AMC, Hobby Lobby, H&M, Round1 Bowling & Arcade, Ulta Beauty, and many more, making it an excellent choice for shoppers and families seeking a delicious seafood meal after a day at the mall. The restaurant occupies a spacious 9,307 square feet on a 1.62-acre lot, originally built in 1989 and thoughtfully renovated in 2012, ensuring a comfortable and modern dining experience. Its hard-corner placement at a high-traffic intersection just off State Route 500—traveled by over 69,000 vehicles daily—provides outstanding visibility and easy access for both locals and visitors. With the Vancouver Mall attracting up to 25,000 guests daily and even more during the holiday season, Red Lobster enjoys a steady stream of potential customers. From an investment perspective, this Red Lobster location offers remarkable stability and long-term value with an absolute NNN lease structure. The property generates an annual rent of $300,000, with an annual 2% rent increase, and the lease term extending all the way to July 31, 2039. This long-term lease provides peace of mind for investors and ensures consistent income for years to come. Guests appreciate the restaurant’s extensive seafood menu, friendly service, and convenient amenities such as ample parking and accessibility features. The combination of a high-profile location, strong tenant, and enduring lease makes Red Lobster at Vancouver Mall a standout asset in the area.
Exclusively Listed By
Broker of Record
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