NNN Pro Group is pleased to present the Red Lobster located at 32 Blanding Boulevard in Orange Park, FL. The site consists of roughly 8,032 rentable square feet of building space on an estimated 2.00-acre parcel of land. This property is subject to an absolute triple net (NNN), which expires on July 31, 2039. The rent is scheduled to increase by 2% annually every and in each of the option periods.
About the Investment
✓ Long-Term, Absolute Triple Net (NNN) Lease | Over 15 Years Remaining
✓ Orange Park Mall and Argyle Village Shopping Center Located Down the Road |Several Anchor Tenants
✓ World’s Largest Seafood Restaurant | Serving Customers in 11 Countries
✓ Corporate Guaranty | Over 640 locations in North America
✓ Strong Inflation Hedge | Attractive 2.0% Annual Increases
✓ Ideal Demographics | Population Exceeds 499,500 Within a Ten-Mile Radius
✓ Florida | Income Tax-Free State
