Skip to main content

Restaurant

Red Lobster

2968 E Texas St, Bossier City, LA 71111

Listing Price: $4,913,050

Cap Rate
6.00%
Tenant Name
Red Lobster Intermediate Holdings, LLC
Years Remaining On Lease
18.7
Guarantor
Corporate Guarantee
Rentable SF
8,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$34.68

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Red Lobster located at 2968 East Texas Avenue in Bossier City, Louisiana. The site will consist of roughly 8,500 rentable square feet of building space on estimated 1.98-acre parcel of land. The Red Lobster is subject to a 26.5-year absolute triple-net (NNN) lease, which commenced July 28th, 2014. The current annual rent is $289,003 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

  • Long-Term, 26.5-Year Absolute Triple Net (NNN) Lease with 19 Years Remaining
  • Corporate Tenant | Corporate Guarantee
  • Attractive Two Percent (2.00%) Annual Rental Increases

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Listing Price: $4,913,050

Cap Rate
6.00%
Tenant Name
Red Lobster Intermediate Holdings, LLC
Years Remaining On Lease
18.7
Guarantor
Corporate Guarantee
Rentable SF
8,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$34.68

Investment Highlights

  • Long-Term, 26.5-Year Absolute Triple Net (NNN) Lease with 19 Years Remaining
  • Corporate Tenant | Corporate Guarantee
  • Attractive Two Percent (2.00%) Annual Rental Increases

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Red Lobster located at 2968 East Texas Avenue in Bossier City, Louisiana. The site will consist of roughly 8,500 rentable square feet of building space on estimated 1.98-acre parcel of land. The Red Lobster is subject to a 26.5-year absolute triple-net (NNN) lease, which commenced July 28th, 2014. The current annual rent is $289,003 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

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

MM Texture Background
MM Textured Background Lower