Red Lobster

Monroeville, Pennsylvania

NNN Pro is pleased to present the exclusive listing for a Red Lobster located at 3941 William Penn Highway, Monroeville, PA 15146. The site consists of roughly 8,066 rentable square feet of building space on an estimated 1.57-acre parcel of land. This Red Lobster is subject to a 25-year Triple Net (NNN) lease, which commenced 12/23/2014. The current annual rent is $354,159 and has scheduled increases of 2.00% Annually.

Strong Rental Increases – 2.00% Annually In Base Term and Options

Long Term NNN Lease – Original 25 Year Lease With Approximately 15.4 Years Remaining

Affluent Community – Average Household Income within a Five-Mile Radius Exceeds $79,400

Key Details

Price:: $5,059,421
Cap Rate:: 7.00%
Annual Rent:: $354,159
Address:: 3941 William Penn Highway, Monroeville, Pennsylvania 15146
Property Type:: Retail
Lease Type:: Triple Net (NNN)

Original Lease Term:: 25 Years
Lease Commencement:: 12/23/2014
Lease Expiration:: 07/31/2039
Rental Increases:: 2.00% Annually
Lot Size:: 1.57 Acres
Building Size:: 8,066 SF
Year Built:: 2009
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-Pennsylvania, Inc

License: RM432816

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