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Restaurant

Red Lobster

3301 S College Ave, Fort Collins, CO 80525

Listing Price: $4,524,586

Cap Rate
5.25%
Tenant Name
Red Lobster
Years Remaining On Lease
17.9
Gross SF
8,208
Guarantor
Corporate Guarantee
Rentable SF
8,208
Price/Gross SF
$551.24
Lease Type
Absolute Net
Rent Per Square Feet
$28.94

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Red Lobster located at 3301 S College Ave in Fort Collins, CO. The site consists of roughly 8,208 rentable square feet of building space on estimated 0.92-acre parcel of land. This Red Lobster is subject to a 22-year absolute triple-net (NNN) lease, which commenced May 26, 2017. The current annual rent is $237,541 and is scheduled to increase by 2.00% annually throughout the base term and in each of the four (4), five (5)-year tenant renewal option periods.

Investment Highlights

  • Long-Term, 22-Year Absolute Triple Net (NNN) Lease
  • Approximately 18+ Years Remaining
  • Two Percent (2.00%) Rental Increases Annually

Exclusively Listed By

Broker of Record

  • Adam A. Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Listing Price: $4,524,586

Cap Rate
5.25%
Tenant Name
Red Lobster
Years Remaining On Lease
17.9
Gross SF
8,208
Guarantor
Corporate Guarantee
Rentable SF
8,208
Price/Gross SF
$551.24
Lease Type
Absolute Net
Rent Per Square Feet
$28.94

Investment Highlights

  • Long-Term, 22-Year Absolute Triple Net (NNN) Lease
  • Approximately 18+ Years Remaining
  • Two Percent (2.00%) Rental Increases Annually

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Red Lobster located at 3301 S College Ave in Fort Collins, CO. The site consists of roughly 8,208 rentable square feet of building space on estimated 0.92-acre parcel of land. This Red Lobster is subject to a 22-year absolute triple-net (NNN) lease, which commenced May 26, 2017. The current annual rent is $237,541 and is scheduled to increase by 2.00% annually throughout the base term and in each of the four (4), five (5)-year tenant renewal option periods.

Exclusively Listed By

Broker of Record

  • Adam A. Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

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