Restaurant
Red Lobster
575 S Telshor Blvd, Las Cruces, NM 88011
Listing Price: $5,393,686
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Red Lobster located at 575 S Telshor Boulevard in Las Cruces, New Mexico. The site consists of roughly 5,000 rentable square feet of building space on an estimated 1.94-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 $310,137 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
Listing Price: $5,393,686
Investment Highlights
- Long-Term, Absolute Triple Net (NNN) Lease, Zero Landlord Obligations
- 20 Years Of Lease Term Remaining With 2.00% Annual Bumps
- Four (4), Five (5)-Year Tenant Renewal Options
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Red Lobster located at 575 S Telshor Boulevard in Las Cruces, New Mexico. The site consists of roughly 5,000 rentable square feet of building space on an estimated 1.94-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 $310,137 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
