Red Lobster and Smokey Bones Portfolio | Ronkonkoma, NY
Sands Investment Group is Pleased to Present For Sale the Restaurant Portfolio Property Located in Ronkonkoma, New York. Both Restaurants Are Corporately Guarantee From GMRI, INC (Darden Restaurants, Inc.) and Offer NNN Ground Leases With Zero Landlord Responsibilities. Great Covered Land Play With Future Development Upside. Smokey Bones Currently Operates 75 Locations, and While Not Typical, This Restaurant is Still Guaranteed By Darden Restaurants. These Can Be Sold as a Portfolio or Separately. Please Reach Out to the Brokers For More Information.
- Smokey Bones and Red Lobster Are Corporately Guarantee From GMRI, INC (Darden Restaurants, Inc.)
- Both Restaurants Offer NNN Ground Leases With Zero Landlord Responsibilities
- Great Covered Land Play With Future Development Upside
- Smokey Bones Currently Operates 75 Locations; While Not Typical, This Restaurant is Still Guaranteed By Darden Restaurants, Inc.
- Dense Infill Location With a Population 220,781 Residents Making an Average Household Income of $131,652 Within a 5-Mile Radius
- Adjacent to the New Ronkonkoma Hub Underway With Plans to Bring Residential, Retail, Entertainment, Offices and Restaurants
- Limited Competition With Smokey Bones and Red Lobster; They Are Two of the Few Sit-Down Restaurants Within a 3-Mile Radius
In Cooperation With SIG RE Services NY LLC Lic. # 10991233211 BoR: Andrew Ackerman – Lic. # 10491210161
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