Red Lobster | Talleyville, DE
Sands Investment Group is Pleased to Present For Sale the Red Lobster Absolute NNN Located in Talleyville, Delaware. This Deal Includes a Long-Term Passive Investment With Over 21 Years Remaining on the Lease and Zero Landlord Responsibilities. This Opportunity Serves as the Ideal 1031 Exchange Asset, Providing For a Unique Investment.
- Absolute Triple Net (NNN) Lease – Zero Landlord Responsibilities
- Long-Term Passive Investment – With Over 21 Years Remaining on the Lease This Opportunity Serves as the Ideal 1031 Exchange Asset
- Corporate Guarantor – Red Lobster Was Recently Acquired By Thai Union Group, a Multi-Billion Dollar International Corporation, That Has Seen Year Over Year Profit and Revenue Growth Since the Acquisition
- Excellent Retail Synergy and Positioning – Located Directly Across the Street From Concord Mall; This Property Sees Tremendous Traffic Counts of Over 51,200 VPD
- Attractive Rent Escalations – The Rent on This Asset Increases By 2% Annually, Providing the Investor With a Strong Hedge Against Inflation
- Red Lobster is the World’s Largest Seafood Restaurant With Over 700 Locations Worldwide
- Proven Commitment – Red Lobster Has Been Operating at This Site Since 2012 and Has Shown Further Commitment to the Site With Renovations
- National Tenants in the Area – Chick-fil-A, Olive Garden, Wawa, Giant, Courtyard Marriott, CVS Pharmacy, Target and Trader Joes
In Cooperation With Sands Investment Group Delaware, LLC – Lic. #BoR: Tom Gorman – Lic. DE #RB-0031000
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