Tenant: Red Lobster | Victorville, CA
Premises: 8,360 SF
Renewal Options: 4 x 5 Years
Lease Expiration: 7/31/2039
Lease Type: Absolute NNN
Rental Increases: 2% Annually
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.
In Cooperation With Sands Investment Group, Inc – Lic. #1768950
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 in 2022, for the second consecutive year, being named to Forbes magazines list of Americas Best Large Employers. What was once a single, family-owned restaurant in Lakeland, Florida, now has over 700 locations around the world.
Red Lobster has been committed to seafood sustainability since they first opened their doors in 1968. As a founding member of the Global Aquaculture Alliance (GAA), now Global Seafood Assurances (GSA), in 1997, they helped establish guidelines for best practices and aquaculture certifications. They’re also proud to have spent decades building personal relationships with suppliers who share their values. They are a company with a conscience, and service, beyond just our food, has always been at the heart of their business.
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