Red Lobster

Property ID #: 18595
Tenant Name: Red Lobster
Street Address:
City: Joplin
State: MO
Zip: 64804
COMPANY DESCRIPTION
Red Lobster is the largest seafood restaurant concept in the world and is an iconic full-service brand with broad demographic appeal and significant advertising budget. The Company was founded in 1968 and currently operates 704 restaurants throughout the United States and Canada and has 43 franchised restaurants in international markets. Red Lobster is led by an experienced management team with a history of success leading the brand (average 27+ years’ experience across executive team). The company generates $2.5 billion in revenue and is the 5th largest casual dining concept in North America.
Website: www.redlobster.com
Sector: Casual Dining
FINANCIAL PROFILE
Price: $4,060,000
NOI:
Cap Rate: 7.00
Price PSF: N/A
Rent PSF: N/A
Credit Rating (S&P): NR
LEASE ABSTRACT
Lease Type: NNN
Years Remaining: 19
Initial Term Increases: 2% annually
Initial Term Lease Begin: 0000-00-00
Initial Term Lease Expiration: 0000-00-00
Renewal Options: Four (5) year options w/ 2% annual increases
Option Increases:
Rent Holidays:
PROPERTY OVERVIEW
Type of Ownership:
Year Built: 0000
Year Remodeled : 2013
Tenancy :
Gross Leasable Area (GLA):
Building Size (SFT) : 7
Lot AC :
DEMOGRAPHICS
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Average Household Income
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