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Restaurant

Red Lobster | Absolute NNN | 2% Annual Increases

1010 N Wesleyan Blvd, Rocky Mount (East of Raleigh), NC 27804

Listing Price: $2,880,000

Cap Rate
5.00%
Tenant Name
Red Lobster
Years Remaining On Lease
17.5
Guarantor
Corporate Guarantee
Rentable SF
2,916
Lease Type
Absolute Net
Rent Per Square Feet
$49.38

Investment Overview

Marcus & Millichap is pleased to present the Red Lobster in Rocky Mount, NC.

Investment Highlights

  • 17+ Years Remaining with 2% Annual Rental Increases
  • Absolute NNN Lease with No Landlord Responsibilities
  • Corporate Guaranty, 750 Locations with $2.6 Billion in Revenue
  • Red Lobster is the Largest Seafood Restaurant Concept in the World and the 5th Largest Casual Dining Concept in the U.S.
  • Serving the Rocky Mount-Wilson Trade Area with Over 200,000 Residents
  • Hard Corner Location at Signalized Intersection with 47,000 Cars/Day

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s) NC: 303785

    North Carolina

Restaurant

Red Lobster | Absolute NNN | 2% Annual Increases

Listing Price: $2,880,000

Cap Rate
5.00%
Tenant Name
Red Lobster
Years Remaining On Lease
17.5
Guarantor
Corporate Guarantee
Rentable SF
2,916
Lease Type
Absolute Net
Rent Per Square Feet
$49.38

Investment Highlights

  • 17+ Years Remaining with 2% Annual Rental Increases
  • Absolute NNN Lease with No Landlord Responsibilities
  • Corporate Guaranty, 750 Locations with $2.6 Billion in Revenue
  • Red Lobster is the Largest Seafood Restaurant Concept in the World and the 5th Largest Casual Dining Concept in the U.S.
  • Serving the Rocky Mount-Wilson Trade Area with Over 200,000 Residents
  • Hard Corner Location at Signalized Intersection with 47,000 Cars/Day

Investment Overview

Marcus & Millichap is pleased to present the Red Lobster in Rocky Mount, NC.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s): NC: 303785

    North Carolina

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