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$ 4,101,008

Red Lobster

Casual Dining  

Cap Rate 6.25% | SF 7,270 | Term 13.8
Clearwater, FL 33761

  • Build to suit

  • High traffic 50M+ VPD

  • Highway location

  • Top 100 MSA

  • Strong demographics

  • Income tax free state

  • Absolute NNN

  • Long 10+ yr lease

  • Corporate Guarantee

    • ...
  • Red Lobster has 15+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 2% annual rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease
  • Tenant Red Lobster
  • Guarantor Corporate
  • #Units 700
  • Stock Private

Red Lobster is the largest seafood restaurant concept in the world and is an iconic full-service brand with broad demographic appeal. The company was founded in 1968 and today operates 700+ restaurants throughout the U.S. and Canada and has 40+ franchised restaurants in international markets. In 2020, a group led by Thai Union Group (TUG) acquired Red Lobster from Golden Gate Capital. The new ownership group now includes TUG, current Red Lobster management, and a newly formed investment group, Seafood Alliance, which is led by two prominent global restaurant operators. They are headquartered in Orlando, FL.

Thai Union Group Public Company Limited (OTCMKTS: TUFBY), together with its subsidiaries, manufactures and sells frozen, chilled, and canned seafood in Thailand and internationally. Sales during 2022 reached an all-time high of $155.6B, a 10.3% year-on-year increase.

...

$ 4,519,000

Red Lobster

Casual Dining  

Cap Rate 6.75% | SF 7,641 | Term 19.3
Cincinnati, OH 45251

  • Oversized lot

  • Major thoroughfare

  • Strategically located

  • Highway close

  • Top 100 MSA

  • Strong demographics

  • Brand new lease

  • Absolute NNN

  • Annual rent increases

  • Corporate Guarantee

    • ...
  • Red Lobster recently signed a brand new 21.5-year lease with 4 (5-year) options to extend
  • Lease features 2% annual rental increases throughout the initial term and during each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by Thai Union Group PCL
  • Tenant Red Lobster
  • Guarantor Corporate
  • #Units 700
  • Stock Private

Red Lobster is the largest seafood restaurant concept in the world and is an iconic full-service brand with broad demographic appeal. The company was founded in 1968 and today operates 700+ restaurants throughout the U.S. and Canada and has 40+ franchised restaurants in international markets. In 2020, a group led by Thai Union Group (TUG) acquired Red Lobster from Golden Gate Capital. The new ownership group now includes TUG, current Red Lobster management, and a newly formed investment group, Seafood Alliance, which is led by two prominent global restaurant operators. They are headquartered in Orlando, FL. Thai Union Group Public Company Limited (OTCMKTS: TUFBY), together with its subsidiaries, manufactures and sells frozen, chilled, and canned seafood in Thailand and internationally. Sales during 2022 reached an all-time high of $155.6B, a 10.3% year-on-year increase.

...

$ 5,642,000

Red Lobster

Casual Dining  

Cap Rate 6.25% | SF 7,303 | Term 18.12
Reno, NV 89509

  • In location for years

  • High traffic 50M+ VPD

  • Freeway close

  • Dense 100M+ pop 5 mi

  • Strong demographics

  • Major MSA

  • Income tax free state

  • Absolute NNN

  • Annual rent increases

  • Corporate Guarantee

    • ...
  • Long-term lease with over 21 years remaining due to a recent 5-year extension with 4 (5-year) options to extend
  • The lease features an annual rental increase of 1% through August 2027 at which point it increases to 2% for the remainder of the term
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate signature by Red Lobster Hospitality LLC
  • Tenant Red Lobster
  • Guarantor Corporate
  • #Units 700
  • Stock Private

Red Lobster is the largest seafood restaurant concept in the world and is an iconic full-service brand with broad demographic appeal. The company was founded in 1968 and today operates 700+ restaurants throughout the U.S. and Canada and has 40+ franchised restaurants in international markets. In 2020, a group led by Thai Union Group (TUG) acquired Red Lobster from Golden Gate Capital. The new ownership group now includes TUG, current Red Lobster management, and a newly formed investment group, Seafood Alliance, which is led by two prominent global restaurant operators. They are headquartered in Orlando, FL.
Thai Union Group Public Company Limited (OTCMKTS: TUFBY), together with its subsidiaries, manufactures and sells frozen, chilled, and canned seafood in Thailand and internationally. Sales during 2022 reached an all-time high of $155.6B, a 10.3% year-on-year increase.

...

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