Red Lobster Absolute NNN

Red Lobster | Victorville, CA

Sands Investment Group is Pleased to Exclusively Offer the Opportunity to Acquire the Fee Simple Interest (Land & Building), Absolute Triple Net (NNN), Corporately Leased, Red Lobster Absolute NNN Property Located in Victorville, CA. The Tenant, Red Lobster Restaurants, LLC, Currently Has Over 16+ Years Remaining in Their Initial Lease Term With 4 x 5 Year Options to Extend. The Lease Features 2% Annual Rental Increases During the Initial Term and Option Periods, Steadily Growing NOI, and Hedging Against Inflation. The Red Lobster is Located Off of I-15 Which Sees Over 100,000 VPD and Directly on Amargosa Road Which Sees Over 20,000 VPD. The Site Also Sits as an Outparcel to The Mall of Victor Valley, a 663,995 SF Regional Mall Anchored By Dick’s Sporting Goods, Macy’s, JCPenny and Cinemark Movie Theaters, Driving Traffic to the Area. Other Nearby National Tenants Include Walmart Supercenter, Lowe’s Home Improvement and Kohl’s. Strong Tenant Synergy Increases Consumer Draw to the Immediate Trade Area and Promotes Crossover Store Exposure to This Site.

  • Long-Term Lease – 16+ Years Remaining on the Primary Term With 4 x 5 Year Options to Extend
  • Attractive 2% Annual Rental Increases, Providing for a Hedge Against Inflation
  • Absolute Triple Net (NNN) Lease – Zero Landlord Responsibilities
  • 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
  • Outparcel to The Mall of Victor Valley, a 663,995 SF Regional Mall Featuring Tenants Including: Dick’s Sporting Goods, Macy’s, JCPenny, Barnes & Noble and Cinemark Movies
  • Conveniently Located Off the I-15 Freeway and Bear Valley Road Exit Which Sees a Combined Traffic Count of Over 160,000 VPD
  • High Growth Trade Area – 190,066 Residents Within a 5-Mile Radius, Population is Projected to Grow By Approximately 12% Over the Next 10 Years
  • Long-Term Operating History – Tenant Has Been at This Location For Over 31 Years, Showing Commitment to the Site
  • Surrounded By a Strong Mix of Local and National Retailers Including: Kohl’s, Walmart Supercenter, Best Buy, Hobby Lobby, Party City, PetSmart, Michaels, Staples and Lowe’s

In Cooperation With Sands Investment Group, Inc – Lic. #1768950

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