NNN Pro Group is pleased to present the exclusive listing for a Red Lobster located at 2801 North Mayfair Road, Wauwatosa, WI. The site consists of roughly 7,650 rentable square feet of building space on an estimated 1.70-acre parcel of land. This Red Lobster is subject to a 20-year absolute triple-net (NNN) lease, which commenced July 1st, 2019. The current annual rent is $386,160 and is scheduled to increase by 2.00% annually throughout the base term and in each of the 4, 5-year renewal options.
✓ Corporate Guaranty | Approximately 700 locations in North America
✓ Two Percent (2%) Rental Increases Annually
✓ Long-Term, Absolute Triple Net (NNN) Lease
✓ Approximately 15.5 Years of Lease Term Remaining
✓ Four (4), Five (5)-Year Tenant Renewal Options
