Call us now:
Toll Free (844) 4-TIKTIN |
Local Number (305) 363-4750

Bank of America & Red Lobster Absolute NNN Portfolio

Summary
  • Listing Price: $7,897,050
  • CAP Rate Current: 4.80%
  • Rentable Sq Ft: 12,683 SF
  • Lot Size: 117,208 SF (2.96 Acres)
  • Approx Year Built: 2004 | 1992
  • Price Per Sq Ft: $622.65
Investment Highlights
  • Incredible Absolute NNN Leases with NOI of $379,032
  • Fantastic Corridor Locations – Red Lobster Direct Access onto W. Colonial Drive, Bank of America Direct Access onto S. Jog Road
  • 18.5 Years Remaining on Red Lobster Base Lease Term and 4 Years Remaining on Bank of America
  • Bank of America has 12.5% Bumps Every Five (5) Years
  • Red Lobster Recently was Acquired by Thai Union in September of 2020
  • Bank of America has Earned a Current Moody’s Credit Rating of Aa3
  • Red Lobster has Two Percent (2%) Annual Increases