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Red Lobster

Columbus, Georgia

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NNN Pro is pleased to present the exclusive listing for a Red Lobster located
at 1425 13th Street, Columbus, GA 31901. The site consists of roughly 7,751
rentable square feet of building space on an estimated 1.27-acre parcel of
land. This Red Lobster is subject to a 25-year Triple Net (NNN) lease, which
commenced 12/23/2014. The current annual rent is $170,548 and has
scheduled increases of 2.00% Annually.

About the Investment:

Strong Rental Increases
2.00% Annually In Base Term and Options
Long Term NNN Lease
Original 25 Year Lease With Approximately 15.4 Years Remaining
Strong Demographics
Over 165,100 Individuals Residing Within a Five-Mile Radius

Key Details

Price:
$2,436,400
Cap Rate:
7.00%
Annual Rent:
$170,548
Address:
1425 13th Street, Columbus, Georgia 31901
Property Type:
Restaurant - Casual Dining
Lease Type:
Triple Net (NNN)

Original Lease Term:
25
Lease Commencement:
12/23/2014
Lease Expiration:
7/31/2039
Lease Term Remaining:
15.4
Lot Size:
1.27 Acres
Building Size:
7,751 SF
Year Built:
2003
Tenant:
Red Lobster

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Matthew Anuszkiewicz

License: 10401294046

Robert Stein

License: 10401341647

Andrew Darby

Broker of record

Brian Brockman

Bang Realty-Georgia, Inc

License: 378952


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