Red Lobster
Lynnwood, Washington
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NNN Pro Group is pleased to present the Red Lobster located at 4231 196th Street SW in Lynnwood, WA. The site consists of roughly 9,382 rentable square feet of building space on an estimated 1.69-acre parcel of land. This property is subject to an absolute triple net (NNN), which expires on July 31, 2039. The rent is scheduled to increase by 2% annually every and in each of the option periods.
About the Investment:
– Long-Term, Absolute Triple Net (NNN) Lease | Over 15 Years Remaining
– World’s Largest Seafood Restaurant | Serving Customers in 11 Countries
– Corporate Guaranty | Over 640 locations in North America
– Strong Inflation Hedge | Attractive 2.0% Annual Increases
– Ideal Demographics | Population Exceeds 350,000 Within a Five-Mile Radius
– Strategically Located Only 16 Miles From Downtown Seattle!
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