Red Lobster

Chattanooga, Tennessee

NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 2200 Bams Drive, in Chattanooga, TN. The site consists of roughly 9,100 rentable square feet of building space on an estimated 1.97-acre parcel of land. This Red Lobster is subject to a long-term, absolute triple-net (NNN) lease, which commenced July 28, 2014. The current annual rent is $537,3891 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
✓ Over 20 Years Remaining on the Base Term
✓ Attractive Two Percent (2%) Annual Rental Increases
✓ Four (4), Five (5)-Year Tenant Renewal Options
✓ Red Lobster Corporate Guarantee (700+ Restaurants)
✓ Oversized 1.97 Acre Lot
✓ Tennessee – Income Tax Free State