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Red Lobster

Atlanta, Georgia

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NNN Pro Group is pleased to present the Red Lobster located at 3360 Camp Creek Parkway in Atlanta, GA. The site consists of roughly 7,872 rentable square feet of building space on an estimated 1.89-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
✓ Outparcel to Camp Creek Marketplace | Large Shopping Center with Several Anchor Tenants
✓ 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 600,500 Within a Ten-Mile Radius
✓ Ranked in the 96th Percentile Nationwide Among All Red Lobsters | #2 in the Nation

Key Details

Price:
$8,735,000
Cap Rate:
7.00%
Annual Rent:
$611,404
Address:
3360 Camp Creek Parkway, Atlanta, Georgia 30344
Property Type:
Net Leased Restaurants
Lease Type:
Triple Net (NNN)

Original Lease Term:
25 Years
Lease Commencement:
October 28, 2015
Lease Expiration:
July 31, 2039
Lease Term Remaining:
15+ Years
Rental Increases:
2% Annually
Lot Size:
1.89 Acres
Building Size:
7,872 SF
Tenant:
Red Lobster

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Josh Kanter

License: 10401294056

Ilan Bley

License: 10401372865

Broker of record

Brian Brockman

Bang Realty-Georgia, Inc

License: 378952


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