Net Lease Red Lobster Property Profile and Cap Rates Date September 22, 2020
Net Lease Red Lobster – Typical Property and Lease Terms
| Price Range: | $2M - $8M |
| Cap Rate: | 5.65% - 6.10% |
| Net Income: | $125,000 - $525,000 |
| Price Per foot: | $400 PSF - $800 PSF |
| Building Size: | 7,000 SF - 9,000 SF |
| Lot Size: | 1.5 Acres |
| Escalations: | 2% Annually |
| Lease Term: | 20 Years |
| Lease Type: | NNN |
| Credit Rating: | N/A |
Tenant Company Information:
Red Lobster Hospitality LLC is an American casual dining restaurant chain headquartered in Orlando, Florida. The company has operations across most of the United States, as well as in China, Ecuador, Guam, Hong Kong, Japan, Malaysia, Mexico, Philippines, Puerto Rico, Qatar, and the United Arab Emirates; as of June 23, 2020, the company had 719 locations worldwide.[6][7] Golden Gate Capital has been Red Lobster’s parent company since it was acquired from Darden Restaurants on July 28, 2014.[8]
On August 6, 2014, Red Lobster announced their new headquarters location in CNL Center City Commons in Orlando.[9] On March 6, 2015, Red Lobster officially opened the Restaurant Support Cente
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