Restaurant

Red Lobster

2522 Candler Rd, Decatur, GA 30032

Listing Price: $4,868,370

Cap Rate
6.25%
Tenant Name
Red Lobster Restaurants, LLC
Years Remaining On Lease
23.5
Gross SF
8,507
Guarantor
Corporate Guarantee
Rentable SF
8,507
Price/Gross SF
$572.28
Lease Type
Absolute Net
Rent Per Square Feet
$35.77

Investment Overview

Marcus & Millichap is pleased to present the exclusive offering for a Red Lobster located at 2522 Candler Rd, in Decatur, GA. The site consists of roughly 8,507 rentable square feet of building space on an estimated 2.04-acre parcel of land. This Red Lobster is subject to a long-term, absolute triple-net (NNN) lease, which commenced July 28, 2014. The current annual rent is $304,273 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.

Investment Highlights

  • Long-Term, Absolute Triple-Net (NNN) Lease with Approximately 24
  • Corporate Tenant | Corporate Guaranty
  • Attractive Rental Increases of Two Percent (2.00%) Annually

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

  • John M. Leonard

    First Vice President/Regional Manager

    License(s): GA: 252904

    Georgia

Listing Price: $4,868,370

Cap Rate
6.25%
Tenant Name
Red Lobster Restaurants, LLC
Years Remaining On Lease
23.5
Gross SF
8,507
Guarantor
Corporate Guarantee
Rentable SF
8,507
Price/Gross SF
$572.28
Lease Type
Absolute Net
Rent Per Square Feet
$35.77

Investment Highlights

  • Long-Term, Absolute Triple-Net (NNN) Lease with Approximately 24
  • Corporate Tenant | Corporate Guaranty
  • Attractive Rental Increases of Two Percent (2.00%) Annually

Investment Overview

Marcus & Millichap is pleased to present the exclusive offering for a Red Lobster located at 2522 Candler Rd, in Decatur, GA. The site consists of roughly 8,507 rentable square feet of building space on an estimated 2.04-acre parcel of land. This Red Lobster is subject to a long-term, absolute triple-net (NNN) lease, which commenced July 28, 2014. The current annual rent is $304,273 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.

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

  • John M. Leonard

    First Vice President/Regional Manager

    License(s): GA: 252904

    Georgia

MM Texture Background
MM Textured Background Lower