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Restaurant

Red Lobster

109 W Anderson Ln, Austin, TX 78752

Listing Price: $5,126,413

Cap Rate
5.80%
Tenant Name
Red Lobster
Years Remaining On Lease
17.5
Guarantor
Corporate Guarantee
Rentable SF
8,454
Lease Type
Absolute Net
Rent Per Square Feet
$35.17

Investment Overview

Marcus & Millichap is please to present the exclusive listing for a Red Lobster located at 109 West Anderson Lane in Austin, Texas. The site consists of roughly 8454 rentable square feed on an estimated 1.46-acre parcel of land. The Red Lobster is subject to a 25-year absolute triple-net (NNN) lease, which commenced December 17, 2015. The annual rent is currently $297,332 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.

Investment Highlights

  • True NNN Lease with long term corporate tenant
  • No landlord responsibilities
  • Great hedge against inflation with annual 2% rent escalations
  • Outstanding Austin, Texas location with great visibility next to one of the busiest freeway in the city

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Restaurant

Red Lobster

Listing Price: $5,126,413

Cap Rate
5.80%
Tenant Name
Red Lobster
Years Remaining On Lease
17.5
Guarantor
Corporate Guarantee
Rentable SF
8,454
Lease Type
Absolute Net
Rent Per Square Feet
$35.17

Investment Highlights

  • True NNN Lease with long term corporate tenant
  • No landlord responsibilities
  • Great hedge against inflation with annual 2% rent escalations
  • Outstanding Austin, Texas location with great visibility next to one of the busiest freeway in the city

Investment Overview

Marcus & Millichap is please to present the exclusive listing for a Red Lobster located at 109 West Anderson Lane in Austin, Texas. The site consists of roughly 8454 rentable square feed on an estimated 1.46-acre parcel of land. The Red Lobster is subject to a 25-year absolute triple-net (NNN) lease, which commenced December 17, 2015. The annual rent is currently $297,332 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.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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