Red Lobster

Columbus, Georgia

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

gkunofsky@nnnpro.com

License: 49KU1129178

Matthew Anuszkiewicz

manuszkiewicz@nnnpro.com

License: 10401294046

Robert Stein

rstein@nnnpro.com

License: 10401341647

Andrew Darby

adarby@nnnpro.com

Broker of record

Brian Brockman

Bang Realty-Georgia, Inc

License: 378952

Similar Properties

available

available

available

available