Red Lobster
Modesto, California
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NNN Pro Group is pleased to present the exclusive listing for a Red Lobster located at 3000 Sisk Road in Modesto, California. The site consists of roughly 8,248 rentable square feet of building space on estimated 1.65-acre parcel of land. This Red Lobster is subject to a long-term absolute triple-net (NNN) lease, which commenced October 28th, 2015. The current annual rent is $506,577 and 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 with Over 16 Years Remaining on the Base Term
✓ Corporate Tenant | Corporate Guaranty
✓ Attractive Rental Increases of Two Percent (2.00%) Annually
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 46 Years
Talk to the pros
Edward DeMatteis
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