About This Restaurant
Investment Highlights
Long-Term, Absolute Triple Net (NNN) Lease | Over 15 Years Remaining World?s Largest Seafood Restaurant | Serving Customers in 11 Countries Outparcel to Camp Creek Marketplace | Large Shopping Center with Several Anchor Tenants
Executive Summary
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.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant
- Building Size 7,872
- Building Class B
- Year Built 2005
- Price 8,735,000
- Price Per SF 1,110
- Cap Rate 7
- NOI 611,404
- Percent Leased 100
- Building Height 1 Story
- Building FAR 0.10
- Land Acres 1.89 AC
Nearby Amenities & Transportation
Retail | Regions Bank | ||
Retail | Chase | ||
Retail | Olive Garden | ||
Retail | Panda Express | ||
Retail | Red Lobster | ||
Retail | WNB Factory | ||
Retail | Longhorn Steakhouse | ||
Retail | LA Fitness | ||
Retail | Five Guys | ||
Retail | Chili's |
Property Taxes
Parcel Number | 14-0255-LL-043-4 | Improvements Assessment | $576,296 |
Land Assessment | $506,344 | Total Assessment | $1,082,640 |
Date Created: | 2024-07-16 04:13:35 | Last Updated: | 2024-07-16 04:13:35 |
Address: | 3360 Camp Creek Pky , Atlanta, Georgia, 30344 |