Red Lobster
Texarkana, Texas
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NNN Pro Group is pleased to present the exclusive listing for a Red Lobster located at 3002 Saint Michael Dr., Texarkana, TX 75503. The site consists of roughly 6,650 rentable square feet of building space on estimated 1.77-acre parcel of land. This Red Lobster is subject to a 15.43-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, Absolute Triple Net (NNN) Lease, Zero Landlord Obligations
– +/- 15.4 Years Of Lease Term Remaining With 2.00% Annual Bumps
– Four (4), Five (5)-Year Tenant Renewal Options
– Corporate Tenant | Corporate Guarantee
– Ranked in the 71st Percentile in Site Visits Out of All Red Lobster Locations According to Placer.AI* (18,991/66,997)
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