Red Lobster
North Richland Hills, Texas
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NNN Pro Group is pleased to present the exclusive listing for a Red Lobster located at 7800 Bedford-Euless Road in North Richland Hills, Texas. The site consists of roughly 9,157 rentable square feet of building space on estimated 1.79-acre parcel of land. This Red Lobster is subject to an in place, 25-year, absolute triple-net (NNN) lease, with 16.5 years remaining base term. The current rent as of August is $456,992 and is scheduled to increase 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
✓ Approximately 16.5 Years Remaining
✓ Two Percent (2%) Rental Increases Annually
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term Remaining to 36.5 Years
Talk to the pros
Andrew Darby
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