Red Lobster

San Marcos, Texas

The NNN Pro Group is pleased to present the exclusive listing for the Red Lobster located at 100 Interstate 35 N, San Marcos, TX 78666. The site will consist of roughly 5,689 rentable square feet of building space on an estimated 1.44-acre parcel of land. The Red Lobster is subject to an absolute triple-net (NNN) lease that commenced on 12/17/2015. The annual rent will be $346,561 in August 2024.

✓ Long-Term, Absolute Triple Net (NNN) Lease
✓ Over 20 Years Remaining on the Base Term
✓ Attractive Two Percent (2%) Annual Rental Increases Starting in August 2026
✓ Four (4), Five (5)-Year Tenant Renewal Options
✓ Red Lobster Corporate Guarantee (700+ Restaurants)

Key Details

Price:: $5,134,237
Cap Rate:: 6.75%
Annual Rent:: $346,561
Address:: 100 Interstate 35 North, San Marcos, Texas 78666
Property Type:: Retail
Lease Type:: Triple Net (NNN)

Lease Commencement:: December 17, 2015
Lease Expiration:: January 31, 2047
Lease Term Remaining:: 23.0 Years
Rental Increases:: Varies – See Rent Schedule
Lot Size:: 1.44 Acres
Building Size:: 5,689 SF
Year Built:: 1996
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-Texas, Inc.

License: 701472

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