Restaurant
Red Lobster
3941 Airport Blvd, Mobile, AL 36608
Listing Price: $2,621,368
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Red Lobster located at 3941 Airport Boulevard in Mobile, AL. The site consists of roughly 8,226 rentable square feet of building space on an estimated 1.67-acre parcel of land. This Red Lobster is subject to a 23.1-year absolute triple-net (NNN) lease, which commenced July 01, 2016. The current annual rent is $151,175 and is scheduled to increase by 2.00% annually throughout the remainder of the base term and in each of the four (4), five (5)-year tenant renewal options.
Broker of Record
Listing Price: $2,621,368
Investment Highlights
- Long-Term, 23.1-Year Absolute Triple-Net (NNN) Lease with 19.4 Years Remaining
- Corporate Tenant | Corporate Guaranty
- Attractive Rental Increases of Two Percent (2.00%) Annually
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Red Lobster located at 3941 Airport Boulevard in Mobile, AL. The site consists of roughly 8,226 rentable square feet of building space on an estimated 1.67-acre parcel of land. This Red Lobster is subject to a 23.1-year absolute triple-net (NNN) lease, which commenced July 01, 2016. The current annual rent is $151,175 and is scheduled to increase by 2.00% annually throughout the remainder of the base term and in each of the four (4), five (5)-year tenant renewal options.
Broker of Record
