Tenant: Red Lobster | Talleyville, DE
Premises: 9,348 SF
Renewal Options: 3 x 5 Years
Lease Expiration: 7/31/2044
Lease Type: Absolute NNN
Rental Increases: 2% Annually (Next Increase Aug 2023)
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.
In Cooperation With Sands Investment Group Delaware, LLC – Lic. #BoR: Tom Gorman – Lic. DE #RB-0031000
Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities
Red Lobster is the world’s largest and most-loved seafood restaurant company, headquartered in Orlando, Fl. With a proud heritage and an even brighter future, Red Lobster is focused on serving the highest quality, freshly prepared seafood that is traceable, sustainable and responsibly-sourced. Red Lobster is also proud to be an employer of choice, including being named to Forbes magazine’s 2022 lists of America’s Best Large Employers and Best Employers for Diversity. Red Lobster is the World’s Largest Seafood Restaurant With 700+ Locations Worldwide Serving Customers in 11 Countries.