Red Lobster Absolute NNN

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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Walgreens Lease

Walgreens | Dover, DE


Sands Investment Group is Pleased to Exclusively Offer For Sale the 12,000 SF Walgreens Lease Investment Opportunity (NASDAQ: WBA) Located at 1215 S State Street in Dover, Delaware. This Investment Provides an Investor With a High Yield, Value-Add, Opportunity to Purchase a Short-Term Drug Store Lease With an Investment Grade Credit (S&P: BBB) and Corporate Guarantee. The Property is Located in Dover, Which is the Capital City of Delaware. This Investment is Surrounded By a Diverse Mix of Economic Drivers Such as the Bayhealth Medical Center, Kent County Courthouse, Dover International Speedway and the Dover International Airforce Base.

  • Investment Grade Tenant (S&P: BBB) With Corporate Guarantee (Walgreen Co.)
  • Multiple 5-Year Options to Extend With Fixed Increases Providing Landlord Leverage on Renewal
  • Excellent Retail Location on a Major Commuter Artery – Daily Traffic Count of Approximately 15,193 VPD
  • Strong Performing Location With an Average of 300 Scripts Filled Per Day
  • Selected By Walgreens as a Drive-Thru COVID Testing Location
  • Hard Corner Location – Signalized Intersection With Multiple Points of Access and Excellent Visibility
  • Walgreen Co., a Subsidiary of Walgreens Boots Alliance Inc. (NASDAQ: WBA), Reported Total Revenues in Excess of $136 Billion in the 2019 Fiscal Year
  • Solid Demographic Profile in Delaware’s Capital City – More Than 82,000 Residents Live Within a 5-Mile Radius Making an Average Household Income of $71,000
  • Surrounded By a Diverse Mix of Economic Drivers Including: the BayHealth Medical Center, Kent County Courthouse, Dover International Speedway and the Dover International Airforce Base
  • Proven Drug Store Location – Walgreens Purchased the Store From Happy Harry’s in 2006 and Has Operated at This Location For the Past 15 Years
In Cooperation With Brittany Danahy | DSM Commercial
DE Lic. # RB-0020210 | 302.227.0768 | bdanahy@dsmre.com

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