Marcus & Millichap is pleased to present the exclusive listing for a Red Lobster located at 3301 S College Ave in Fort Collins, CO. The site consists of roughly 8,208 rentable square feet of building space on estimated 0.92-acre parcel of land. This Red Lobster is subject to a 22-year absolute triple-net (NNN) lease, which commenced May 26, 2017. The current annual rent is $237,541 and is scheduled to increase by 2.00% annually throughout the base term and in each of the four (4), five (5)-year tenant renewal option periods.
✓ Long-Term, 22-Year Absolute Triple Net (NNN) Lease
✓ Approximately 18+ Years Remaining
✓ Two Percent (2.00%) Rental Increases Annually
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 39 Years