Red Lobster
Florence, South Carolina
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The NNN Pro Group is pleased to present the exclusive listing for the Red Lobster located at 2540 David H McLeod Blvd, Florence, SC 29501. The site will consist of roughly 8,356 rentable square feet of building space on an estimated 1.42-acre parcel of land. The Red Lobster is subject to an absolute triple-net (NNN) lease that commenced on 7/28/2014. The annual rent will be $255,292 in August 2024 and is scheduled to increase by 2% Annually throughout the base term and continuing through 4, 5-Year Renewal Options.
About the Investment
✓ 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)
Talk to the pros
Andrew Darby
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