Investment Highlights
Absolute Triple Net Lease (NNN) | Zero Landlord Responsibilities
Attractive 2% Annual Increases | Serves as a Hedge Against Inflation
Subject is a Part of the McFarland Plaza | 200,000 SF Shopping Center That Also Includes TJ Maxx, Home Goods, Michaels, Dollar General and Several Oth
Long Term, Corporate Guaranteed Lease with Over 15.5 Years Remaining | Creates a Low Risk, Bondable Investment
1.5 Acres | Low Rent | Strong Redevelopment Potential
Extremely Dense Trade Area | Over 2.6M Square Feet of Existing Retail Space Within 1 Mile of the Subject
Executive Summary
SAB Capital is pleased to present Red Lobster in Tuscaloosa, AL, the 5th most populous city in the state. The tenant currently has 15.5 years left in their absolute triple net (NNN) lease. The lease features 2% annual rent escalations and is backed by Red Lobster's corporate guaranty. It is located in an extremely dense retail corridor with over 2.6 million square feet of retail within a 1 mile radius and sits as an outparcel to a 200,000 square foot shopping center anchored by TJ Maxx and Home Goods.
