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Restaurant For Sale • 6,145 SF
| LONG-TERM NNN LEASE – Red Lobster operates under a 25-year Absolute NNN lease with ±14.5 years remaining |
| STRUCTURED RENT GROWTH – The lease includes 2% annual rental increases starting in 2027, providing consistent NOI growth and hedge against inflation. |
| ESTABLISHED LOCATION – Red Lobster has operated at this location since 2014, demonstrating long-term success and tenant commitment |
| PRIME RETAIL LOCATION IN A HIGH-TRAFFIC CORRIDOR – The property is located along Independence Blvd (±57,000 VPD), near Loop 485 (±45,500 VPD) |
| SURROUNDED BY NATIONAL RETAILERS & MAJOR EMPLOYERS – The site benefits from strong consumer traffic, positioned near Costco, Target, Home Depot |
| RAPIDLY GROWING AND AFFLUENT TRADE AREA – The 5-mile radius population is ±176,212, with a projected 5.66% growth rate over the next five years |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| Red Lobster | 7/10/2034 |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Charlotte/Douglas International | 31 min | - | 18.2 mi |
| Concord-Padgett Regional | 35 min | - | 22.7 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 119 |
| Type: | Surface |
| Included in Rent: | Yes |
