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 Providence Marketplace | Large Shopping Center with Several Anchor Tenants
Executive Summary
NNN Pro Group is pleased to present the Red Lobster located at 401 S Mount Juliet Road in Mount Juliet, TN. The site consists of roughly 6,800 rentable square feet of building space on an estimated 1.55-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 6,800
- Building Class B
- Year Built 2008
- Price 3,817,000
- Price Per SF 561
- Cap Rate 6.15
- NOI 234,747
- Percent Leased 100
- Tenancy Multiple
- Building Height 1 Story
- Building FAR 0.10
- Land Acres 1.55 AC
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
Nearby Amenities & Transportation
| Retail | First Horizon Bank | ||
| Retail | Red Robin | ||
| Retail | Red Lobster | ||
| Retail | Waffle House | ||
| Retail | Cracker Barrel | ||
| Retail | Jason's Deli | ||
| Retail | ALDI | ||
| Retail | Long Horn's Steakhouse | ||
| Retail | Panda Express | ||
| Retail | Anytime Fitness |
Property Taxes
| Parcel Number | 096-017.10 | Improvements Assessment | $623,240 |
| Land Assessment | $390,480 | Total Assessment | $1,013,720 |
| Date Created: | 2024-07-16 04:23:38 | Last Updated: | 2024-07-16 04:23:38 |
| Address: | 401 S Rd , Mount Juliet, Tennessee, 37122 | ||