Red Lobster

Sanford, Florida

NNN Pro Group is pleased to present the exclusive listing for a Red Lobster located at 20 Towne Center Circle in Sanford, FL. The site consists of roughly 8,495 rentable square feet of building space on an estimated 2.57-acre parcel of land.
This Red Lobster is subject to a long-term absolute triple-net (NNN) lease, which commenced July 28th, 2014. The current annual rent is $385,142 and is scheduled to increase by 2.00% annually throughout the remainder of the base term and in each of the four (4), five (5)-year tenant renewal options.

✓ Long-Term, Absolute Triple Net (NNN) Lease, Zero Landlord Obligations
✓ 15.5 Years Of Lease Term Remaining With 2.00% Annual Bumps
✓ Four (4), Five (5)-Year Tenant Renewal Options
✓ Corporate Tenant | Corporate Guarantee