NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 29980 Plymouth Road, in Livonia, MI. The site consists of roughly 8,141 rentable square feet of building space on an estimated 1.94-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 $199,0561 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 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) Oversized 1.94 Acre Lot
