Skip to main content

Restaurant

Red Lobster

3906 Towne Crossing Blvd, Mesquite, TX 75150

Listing Price: $7,845,333

Cap Rate
5.70%
Tenant Name
Red Lobster Hospitality LLC
Years Remaining On Lease
18.3
Gross SF
9,030
Guarantor
Corporate Guarantee
Rentable SF
9,030
Price/Gross SF
$868.81
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$49.52

Investment Overview

Marcus & Millichap is pleased to present the offering memorandum for a Red Lobster located at 3906 Towne Crossing Blvd, Mesquite, TX. The site consists of roughly 9,030 rentable square feet of building space on an estimated 1.32-acre parcel of land. This Red Lobster is subject to a long-term, absolute triple-net (NNN) lease, which commenced October 28th, 2015. The current annual rent is $447,184 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 17.7 Years Remaining
  • 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

  • James Ventura

    Licensed Associate Real Estate Broker

    (212) 430-5127

    Email James

    License(s): NY: 10301207395

    Manhattan

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Listing Price: $7,845,333

Cap Rate
5.70%
Tenant Name
Red Lobster Hospitality LLC
Years Remaining On Lease
18.3
Gross SF
9,030
Guarantor
Corporate Guarantee
Rentable SF
9,030
Price/Gross SF
$868.81
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$49.52

Investment Highlights

  • Long-Term, Absolute Triple-Net (NNN) Lease with Approximately 17.7 Years Remaining
  • Corporate Tenant | Corporate Guaranty
  • Attractive Rental Increases of Two Percent (2.00%) Annually

Investment Overview

Marcus & Millichap is pleased to present the offering memorandum for a Red Lobster located at 3906 Towne Crossing Blvd, Mesquite, TX. The site consists of roughly 9,030 rentable square feet of building space on an estimated 1.32-acre parcel of land. This Red Lobster is subject to a long-term, absolute triple-net (NNN) lease, which commenced October 28th, 2015. The current annual rent is $447,184 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

  • James Ventura

    Licensed Associate Real Estate Broker

    (212) 430-5127

    Email James

    License(s): NY: 10301207395

    Manhattan

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

MM Texture Background
MM Textured Background Lower