NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 2147 S. Hamilton Road, in Columbus, OH. The site consists of roughly 9,579 rentable square feet of building space on an estimated 1.73-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 $344,8791 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.
✓ Long-Term, Absolute Triple Net (NNN) Lease
✓ Over 15 Years Remaining on the Base Term
✓ Attractive Two Percent (2%) Annual Rental Increases
✓ Four (4), Five (5)-Year Tenant Renewal Options
✓ Red Lobster Corporate Guarantee (700+ Restaurants)
✓ Oversized 1.73 Acre Lot
NNN Pro is pleased to present the exclusive listing for a Red Lobster located
at 1425 13th Street, Columbus, GA 31901. The site consists of roughly 7,751
rentable square feet of building space on an estimated 1.27-acre parcel of
land. This Red Lobster is subject to a 25-year Triple Net (NNN) lease, which
commenced 12/23/2014. The current annual rent is $170,548 and has
scheduled increases of 2.00% Annually.
About the Investment:
Strong Rental Increases
2.00% Annually In Base Term and Options
Long Term NNN Lease
Original 25 Year Lease With Approximately 15.4 Years Remaining
Strong Demographics
Over 165,100 Individuals Residing Within a Five-Mile Radius
