NNN Pro Group is pleased to present the exclusive listing for a Red Lobster located at 1725 Rainbow Drive in Gadsden, AL. The site consists of roughly 9,638 rentable square feet of building space on estimated 1.48-acre parcel of land. This Red Lobster is subject to a 25-year absolute triple-net (NNN) lease, which commenced December 17th, 2015. The current annual rent is scheduled to increase by 2% annually throughout the base term and in each of the 4, 5-year renewal options.
About the Investment:
✓ Long-Term 25-Year Absolute Triple Net (NNN) Lease, Zero Landlord Obligations
✓ +/- 19 Years Of Lease Term Remaining With 2.00% Annual Bumps
✓ Four (4), Five (5)-Year Tenant Renewal Options
✓ Corporate Tenant | Corporate Guarantee
