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Red Lobster

Summary
  • Listing Price: $4,302,725
  • CAP Rate Current: 5.50%
  • Rentable Sq Ft: 7,909 SF
  • Lot Size: 62,552 (1.44 Acres)
  • Approx Year Built: 1992
  • Price Per Sq Ft: $544.03
Investment Highlights
  • Average Annual Cap Rate is 6.61% Over Remaining Base Term
  • Outparcel for Shopping Center with 209,686 Sq. Ft. of Rentable Space, Which Includes Burlington, Ross, Marshall’s and More
  • 25 Year Corporate Guaranteed Absolute NNN Lease
  • 18.5 Years Remaining and Four, Five-Year Tenant Renewal Options
  • Two Percent (2%) Annual Rent Increases
  • Over 250,000 People Within a 5-Mile Radius
  • Fantastic Centralized Location, Being Seven Miles From Universal Studios, Eight Miles From Orlando and Twenty Miles From Orlando International Airport
  • Traffic Counts Over 46,000 Vehicles Per Day
  • Surrounded By National Retailers Including Golden Corral, Sam’s Club, Walmart, GNC, and McDonalds Among Others