Restaurant
Red Lobster | Target Outparcel | 45,000+ Cars Per Day | Strong Sales Performance
8500 State Hwy 47, Minneapolis, MN 55433
Listing Price: $3,072,000
Cap Rate
7.00%
Tenant Name
Red Lobster Hospitality, LLC
Years Remaining On Lease
8.5
Guarantor
Corporate Guarantee
Rentable SF
7,095
Lease Type
Absolute Net
Rent Per Square Feet
$30.30
Investment Overview
Marcus & Millichap is pleased to present a Red Lobster located in Blaine, Minnesota (Minneapolis MSA).
Red Lobster | Target Outparcel | 45,000+ Cars Per Day | Strong Sales Performance
Investment Highlights
- Category Leader in Casual Dining Seafood
- Across the Street from Northtown Mall – 3,300,000 Visitors Annually
- High Traffic Outparcel to Target with over 45,000 Cars per Day
- Minneapolis MSA - Over 229,000 People in a Five Mile Radius
Exclusively Listed By
Broker of Record
Financing By
Restaurant
Red Lobster | Target Outparcel | 45,000+ Cars Per Day | Strong Sales Performance
Listing Price: $3,072,000
Cap Rate
7.00%
Tenant Name
Red Lobster Hospitality, LLC
Years Remaining On Lease
8.5
Guarantor
Corporate Guarantee
Rentable SF
7,095
Lease Type
Absolute Net
Rent Per Square Feet
$30.30
Investment Highlights
- Category Leader in Casual Dining Seafood
- Across the Street from Northtown Mall – 3,300,000 Visitors Annually
- High Traffic Outparcel to Target with over 45,000 Cars per Day
- Minneapolis MSA - Over 229,000 People in a Five Mile Radius
Investment Overview
Marcus & Millichap is pleased to present a Red Lobster located in Blaine, Minnesota (Minneapolis MSA).
Exclusively Listed By
Broker of Record
Financing By
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