Restaurant

Red Lobster

Listing Price: $6,531,270

Cap Rate
6.30%
Tenant Name
Red Lobster
Years Remaining On Lease
18.90
Gross SF
7,040
Guarantor
Corporate Guarantee
Rentable SF
7,040
Price/Gross SF
$927.74
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$58.45

Investment Overview

Red Lobster is the largest seafood restaurant concept in the world and is an iconic full service brand with broad demographic appeal and a significant advertising budget (2nd largest in casual dining). The Company was founded in 1968 and currently operates 708 restaurants throughout the United States and Canada and has 41franchised restaurants in international markets. Red Lobster is led by an experienced management team with a history of success leading the brand (average 27+ years experience across the executive team). The company generates $2.5B in revenue and is the 7th largest casual dining concept in North America.

Investment Highlights

  • AMAZING CUSTOMER TRAFFIC- Whisper store sales are indicated over $4M per year. According to data from Placer.ai, this location ranks 2nd in the state of Maryland
  • SYNERGICSTIC LOCATION – Large 2.08-acre parcel along a looping service road to the Arundel Mills complex (23,395 VPD) which effectively terminates at the Baltimore-Washington Parkway (107,218 VPD)
  • QUALITY PRIVATE EQUITY OWNER- Red Lobster is the largest seafood restaurant concept in the world and the 7th largest casual dining concept in the country

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

Listing Price: $6,531,270

Cap Rate
6.30%
Tenant Name
Red Lobster
Years Remaining On Lease
18.90
Gross SF
7,040
Guarantor
Corporate Guarantee
Rentable SF
7,040
Price/Gross SF
$927.74
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$58.45

Investment Highlights

  • AMAZING CUSTOMER TRAFFIC- Whisper store sales are indicated over $4M per year. According to data from Placer.ai, this location ranks 2nd in the state of Maryland
  • SYNERGICSTIC LOCATION – Large 2.08-acre parcel along a looping service road to the Arundel Mills complex (23,395 VPD) which effectively terminates at the Baltimore-Washington Parkway (107,218 VPD)
  • QUALITY PRIVATE EQUITY OWNER- Red Lobster is the largest seafood restaurant concept in the world and the 7th largest casual dining concept in the country

Investment Overview

Red Lobster is the largest seafood restaurant concept in the world and is an iconic full service brand with broad demographic appeal and a significant advertising budget (2nd largest in casual dining). The Company was founded in 1968 and currently operates 708 restaurants throughout the United States and Canada and has 41franchised restaurants in international markets. Red Lobster is led by an experienced management team with a history of success leading the brand (average 27+ years experience across the executive team). The company generates $2.5B in revenue and is the 7th largest casual dining concept in North America.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

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