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Restaurant

Red Lobster

5936 International Dr, Orlando, FL 32819

Listing Price: $8,307,046

Cap Rate
5.35%
Tenant Name
Red Lobster Intermediate Holdings, LLC
Years Remaining On Lease
17.8
Guarantor
Corporate Guarantee
Rentable SF
7,400
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$60.06

Investment Overview

INVESTMENT SUMMARY Marcus & Millichap is pleased to present the exclusive listing for a Red Lobster located at 5936 International Drive in Orlando, Florida. The site consists of roughly 7,400 rentable square feet of building space on estimated 1.76-acre parcel of land. This Red Lobster is subject to a 25-year absolute triple-net (NNN) lease, which commenced July 28th, 2014. The current annual rent is $435,713 and is scheduled to increase by two percent (2%) annually throughout the base term and in each of the four (4), five (5)-year renewal options.

Investment Highlights

  • Trophy Location On International Drive | Adjacent To Universal Studios Resorts
  • Site Just Underwent Renovation By Red Lobster | One Of The First Red Lobster Locations in the Country To Receive This Reimage
  • True NNN Lease With Approximately 18 Years Remaining | Zero Landlord Responsibilities

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Listing Price: $8,307,046

Cap Rate
5.35%
Tenant Name
Red Lobster Intermediate Holdings, LLC
Years Remaining On Lease
17.8
Guarantor
Corporate Guarantee
Rentable SF
7,400
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$60.06

Investment Highlights

  • Trophy Location On International Drive | Adjacent To Universal Studios Resorts
  • Site Just Underwent Renovation By Red Lobster | One Of The First Red Lobster Locations in the Country To Receive This Reimage
  • True NNN Lease With Approximately 18 Years Remaining | Zero Landlord Responsibilities

Investment Overview

INVESTMENT SUMMARY Marcus & Millichap is pleased to present the exclusive listing for a Red Lobster located at 5936 International Drive in Orlando, Florida. The site consists of roughly 7,400 rentable square feet of building space on estimated 1.76-acre parcel of land. This Red Lobster is subject to a 25-year absolute triple-net (NNN) lease, which commenced July 28th, 2014. The current annual rent is $435,713 and is scheduled to increase by two percent (2%) annually throughout the base term and in each of the four (4), five (5)-year renewal options.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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