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Red Lobster

Monroeville, Pennsylvania

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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

License: 49KU1129178

Matthew Anuszkiewicz

License: 10401294046

Robert Stein

License: 10401341647

Andrew Darby

Broker of record

Brian Brockman

Bang Realty-Pennsylvania, Inc

License: RM432816


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