Red Lobster

• Long Term Lease: Features over ±18.5 years of remaining lease term with 2% annual increases, providing investors with long-term cash flow and a hedge against inflation.
• Exceptional Residual Value: The Property occupies approximately 1.62 acres of irreplaceable Tampa real estate, offering investors long-term downside protection through intrinsic land value and future redevelopment potential.
• Full Basis Recapture: In-place lease structure is projected to fully recapture the initial investment through contractual rental income within the base term, without relying on renewal options or exit assumptions.
• Absolute NNN Lease Structure: Tenant is responsible for all taxes, insurance, maintenance, repairs, replacements, and operating expenses, providing passive ownership with zero landlord responsibilities.
• Legacy Store & Proven Performance: This long-standing Red Lobster location has demonstrated exceptional resilience, remaining operational through the COVID-19 pandemic and the tenant’s recent corporate restructuring while continuing to generate healthy restaurant sales. (Contact Broker)
• Corporate Guaranty: Lease obligations are backed by Red Lobster Intermediate Holdings LLC.
• Premier Tampa Bay Trophy Real Estate: Located on North Dale Mabry Highway, one of Tampa’s premier retail corridors with approximately ±74,500 vehicles passing daily, the Property captures strong consumer traffic from across the Tampa MSA.
• A+ Carrollwood Submarket: Located in Tampa’s highly desirable Carrollwood submarket, the Property is surrounded by affluent neighborhoods with average household incomes of $141,350 within one mile, supporting strong consumer spending and long-term retail demand.
• Tampa Bay Growth Market: Situated just 10 miles from Downtown Tampa, the Property is positioned within one of Florida’s most dynamic and rapidly growing metropolitan areas, supported by robust population growth, corporate relocation, and a diversified economy.
• National Retail Co-Tenancy: The Property benefits from an outstanding retail environment alongside nationally recognized brands including Publix, Lowe’s, The Fresh Market, Chipotle, Taco Bell, Culver’s, and Outback Steakhouse, generating significant cross-shopping activity and long-term retail demand.