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Red Lobster

Lawrenceville, New Jersey

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NNN Pro Group is pleased to present the Red Lobster located at 3255 US Highway 1 in Lawrenceville, NJ. The site consists of roughly 7,537 rentable square feet of building space on an estimated 2.25-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.

✓ 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
✓ Highly Affluent Area | Average Household Income Exceeds $146,200 Within a Three-Mile Radius
✓ Down the Road from Three Shopping Centers | Quaker Bridge Mall, Mercer on One Mall, and Nassau Park Pavilion

Key Details

Price:
$5,400,000
Cap Rate:
7.00%
Annual Rent:
$378,058
Address:
3255 US Highway 1, Lawrenceville, New Jersey 08648
Property Type:
Net Leased Restaurants
Lease Type:
Triple Net (NNN)

Original Lease Term:
24 Years
Lease Commencement:
December 17, 2015
Lease Expiration:
July 31, 2039
Lease Term Remaining:
15+ Years
Rental Increases:
2% Annually
Lot Size:
+/- 2.25 Acres
Building Size:
7 SF
Tenant:
Red Lobster

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Josh Kanter

License: 10401294056

Broker of record

Brian Brockman

Bang Realty-New Jersey, Inc

License: 2078547


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