Restaurant

Red Lobster

2968 E Texas St, Bossier City, LA 71111

Listing Price: $3,333,333

Cap Rate
6.75%
Tenant Name
Red Lobster Restaurants, LLC
Years Remaining On Lease
18.70
Gross SF
8,500
Guarantor
Corporate Guarantee
Rentable SF
8,500
Price/Gross SF
$392.16
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.47

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Red Lobster located at 2968 East Texas Avenue in Bossier City, Louisiana. The site will consist of roughly 8,500 rentable square feet of building space on estimated 1.98-acre parcel of land. The Red Lobster is subject to a 25-year absolute triple-net (NNN) lease, which commenced July 28th, 2014. The annual rent is $225,000 and is scheduled to increase by two percent (2.00%) annually throughout the base term and in each of the four (4), five (5)-year renewal options. At Closing, the seller will escrow 6 months of rent.

Investment Highlights

  • Long-Term, 25-Year Absolute Triple Net (NNN) Lease with 19 Years Remaining
  • Corporate Tenant | Corporate Guarantee
  • Attractive Two Percent (2.00%) Annual Rental Increases

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Chris Shaheen

    Associate

    License(s): LA: BROK.0995692662-ACT

    Louisiana

Listing Price: $3,333,333

Cap Rate
6.75%
Tenant Name
Red Lobster Restaurants, LLC
Years Remaining On Lease
18.70
Gross SF
8,500
Guarantor
Corporate Guarantee
Rentable SF
8,500
Price/Gross SF
$392.16
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.47

Investment Highlights

  • Long-Term, 25-Year Absolute Triple Net (NNN) Lease with 19 Years Remaining
  • Corporate Tenant | Corporate Guarantee
  • Attractive Two Percent (2.00%) Annual Rental Increases

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Red Lobster located at 2968 East Texas Avenue in Bossier City, Louisiana. The site will consist of roughly 8,500 rentable square feet of building space on estimated 1.98-acre parcel of land. The Red Lobster is subject to a 25-year absolute triple-net (NNN) lease, which commenced July 28th, 2014. The annual rent is $225,000 and is scheduled to increase by two percent (2.00%) annually throughout the base term and in each of the four (4), five (5)-year renewal options. At Closing, the seller will escrow 6 months of rent.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Chris Shaheen

    Associate

    License(s): LA: BROK.0995692662-ACT

    Louisiana

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