Red Lobster Absolute NNN Restaurant Talleyville Delaware

Make an Offer

Investment Offering

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.

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

View Similar Investment Opportunities

Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities

Tenant Overview

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.

Area Overview