Restaurant
Red Lobster
1560 Dogwood Dr SE, Conyers, GA 30013
Listing Price: $8,048,673
Investment Overview
Marcus & Millichap is pleased to present the exclusive offering for a Red Lobster located at 1560 Dogwood Drive in Conyers, Georgia. The site consists of roughly 8,080 rentable square feet of building space on an estimated 1.16-acre parcel of land. This Red Lobster is subject to a long-term, absolute triple-net (NNN) lease, which commenced July 28, 2014. The current annual rent is $442,677 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
Broker of Record
Financing By
Listing Price: $8,048,673
Investment Highlights
- Long-Term, Absolute Triple-Net (NNN) Lease with More than 17 Years Remaining on the Base Term
- Corporate Tenant | Corporate Guaranty
- Attractive Rental Increases of Two Percent (2.00%) Annually
Investment Overview
Marcus & Millichap is pleased to present the exclusive offering for a Red Lobster located at 1560 Dogwood Drive in Conyers, Georgia. The site consists of roughly 8,080 rentable square feet of building space on an estimated 1.16-acre parcel of land. This Red Lobster is subject to a long-term, absolute triple-net (NNN) lease, which commenced July 28, 2014. The current annual rent is $442,677 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
Broker of Record
Financing By
