Red Lobster

Mobile, Alabama

The NNN Pro Group is pleased to present the exclusive listing for the Red Lobster located at 3941 Airport Blvd, Mobile, AL 36608. The site will consist of roughly 8,226 rentable square feet of building space on estimated 1.66-acre parcel of land. The Red Lobster is subject to an absolute triple-net (NNN) lease that commenced on 7/01/2016. The annual rent will be $166,909 in August 2024 and is scheduled to increase by 2.00% annually throughout the base term and continuing through 4, 5-Year Options.

About the Investment:

✓ Long-Term, Absolute Triple Net (NNN) Lease
✓ Approximately 15 Years Remaining
✓ Attractive Two Percent (2%) Annual Rental Increases
✓ Four (4), Five (5)-Year Tenant Renewal Options
✓ Red Lobster Corporate Guarantee (700+ Restaurants)