Restaurant

Red Lobster

4717 I-10, Baytown, TX 77521

Listing Price: $2,831,612

Cap Rate
6.00%
Tenant Name
Red Lobster
Years Remaining On Lease
18.5
Guarantor
Corporate Guarantee
Rentable SF
9,015
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.85

Investment Overview

This corporate guaranteed Red Lobster is offering a passive investor the opportunity to acquire a 25 year true NNN lease (no landlord obligations), followed by four 5-year options. The investment offers a growing return that hedges against inflation. Rent escalations are 2% annually, offering a better income base than many national casual dining retailers.

Investment Highlights

  • No landlord obligations. True NNN Lease
  • No landlord responsibilities
  • 2% annual rent bumps hedges against inflation

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 9002994

    Texas

Listing Price: $2,831,612

Cap Rate
6.00%
Tenant Name
Red Lobster
Years Remaining On Lease
18.5
Guarantor
Corporate Guarantee
Rentable SF
9,015
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.85

Investment Highlights

  • No landlord obligations. True NNN Lease
  • No landlord responsibilities
  • 2% annual rent bumps hedges against inflation

Investment Overview

This corporate guaranteed Red Lobster is offering a passive investor the opportunity to acquire a 25 year true NNN lease (no landlord obligations), followed by four 5-year options. The investment offers a growing return that hedges against inflation. Rent escalations are 2% annually, offering a better income base than many national casual dining retailers.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 9002994

    Texas

MM Texture Background
MM Textured Background Lower