Red Lobster

Johntown, Pennsylvania

NNN Pro is pleased to present the exclusive listing for a Red Lobster located
at 525 Galleria Drive, Johnston, PA 15904. The site consists of roughly 8,432
rentable square feet of building space on an estimated 2.57-acre parcel of
land. This Red Lobster is subject to a 25-year Triple Net (NNN) lease, which
commenced 7/28/2014. The current annual rent is $298,202 and has
scheduled increases of 2.00% Annually.

Investment Highlights:

Long Term Triple Net (NNN) Lease | Over 15 Years Remaining
Two Percent (2.00%) Rental Increases Annually | Strong Hedge Against Inflation
World’s Largest Seafood Restaurant | Serving Customers in 11 Countries

Key Details

Price:: $4,260,029
Cap Rate:: 7.00%
Annual Rent:: $298,202
Address:: 525 Galleria Drive, Johntown, Pennsylvania 15904
Property Type:: Restaurant - Casual Dining
Lease Type:: Triple Net (NNN)

Original Lease Term:: 25
Lease Commencement:: 7/28/2014
Lease Expiration:: 7/31/2039
Lease Term Remaining:: 15.0
Rental Increases:: 2.00% Annually
Lot Size:: 2.57 Acres
Building Size:: 8,432 SF
Year Built:: 1993
Year Renovated:: 2012
Tenant:: Red Lobster

Talk to the pros

Glen Kunofsky

gkunofsky@nnnpro.com

License: 49KU1129178

Anthony D’Ambrosia

adambrosia@nnnpro.com

License: 10401294012

Josh Kanter

jkanter@nnnpro.com

License: 10401294056

Ilan Bley

ibley@nnnpro.com

License: 10401372865

Broker of record

Brian Brockman

Bang Realty-Pennsylvania, Inc

License: RM432816

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