Restaurant
Red Lobster
2847 Washington Rd, Augusta, GA 30909
Listing Price: $5,193,483
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for Red Lobster located at 2847 Washington Road in Augusta, Georgia. The property is roughly 8,163 square feet and is situated on approximately 1.91 acres of land. This Red Lobster is subject to a 25-year triple-net (NNN) lease, with roughly 19 years remaining on the lease. Current annual rent is $311,609. The rent is scheduled to increase by two percent annually, including through the four, five year tenant renewal options. At closing, the seller will Escrow 6 months of rent.
Exclusively Listed By
Broker of Record
Listing Price: $5,193,483
Investment Highlights
- Long-Term, 25-Year Absolute Triple Net (NNN) Lease with ~19 Years Remaining
- Corporate Guaranty (700+ Locations in U.S. & Canada)
- Attractive Two Percent (2.00%) Annual Rental Increases
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for Red Lobster located at 2847 Washington Road in Augusta, Georgia. The property is roughly 8,163 square feet and is situated on approximately 1.91 acres of land. This Red Lobster is subject to a 25-year triple-net (NNN) lease, with roughly 19 years remaining on the lease. Current annual rent is $311,609. The rent is scheduled to increase by two percent annually, including through the four, five year tenant renewal options. At closing, the seller will Escrow 6 months of rent.
Exclusively Listed By
Broker of Record
