The NNN Pro Group is pleased to present the exclusive listing for the Red Lobster
located at 1818 University Drive NW, Huntsville, AL 35801. The site will consist of
roughly 8,463 rentable square feet of building space on an estimated 1.81-acre parcel
of land. The Red Lobster is subject to an absolute triple-net (NNN) lease that
commenced on 7/28/2014. The annual rent will be $398,304 in August 2024 and is
scheduled to increase by 2% Annually throughout the base term and continuing
through 4, 5-Year Renewal Options.
About the Investment:
✓ Long-Term, Absolute Triple Net (NNN) Lease
✓ Over 20 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)
