Red Crab

• Brand-New Seven (7) Year NNN Lease: New primary term with two (2) five (5) year options and a personal guaranty from the operator. The tenant covers taxes, insurance, CAM, and maintenance, with the landlord responsible for roof and structure only.
• 3% Annual Rent Increases: Contractual 3% annual bumps begin in Year 3 and run through the term and both option periods, compounding well ahead of the 10%-every-five-years norm in casual dining net lease.
• Built-In Yield Growth: Offered at $2,970,000 on Year 1 NOI of $181,560, a 6.11% cap, stepping to $210,411 (7.09%) by the end of the primary term and beyond 8% in the options, a 6.52% average cap over the term.
• Active Conversion, Significant Capital Committed: The operator has committed to converting the former Applebee’s into Red Crab, investing significant capital in a full buildout, with the location set to open in early 2027, a signal of long-term commitment to this site.
• High-Traffic US 17-92 Frontage: More than 51,000 vehicles per day on Casselberry’s dominant north-south retail corridor.
• Publix-Anchored Retail Node: Positioned at the Casselberry Collection near The Home Depot, Speedway, and Hair Cuttery, driving steady daily traffic and cross-shopping.
• Dense Orlando MSA Trade Area: 90,662 residents within three (3) miles and 217,419 within five (5), with roughly 208,000 daytime population and 3.1% projected growth to 2030.
• Fast-Growing Seafood Concept: Red Crab Juicy Seafood operates 40+ locations across the East Coast and Midwest in the high-growth seafood boil segment.
• Operator Personal Guaranty: Guaranteed personally by the operator, aligning the tenant’s balance sheet with performance at this location.
• Purpose-Built Restaurant: A 5,333 SF freestanding building on 0.93 acres (built 2013) with dedicated parking at a proven Orlando MSA retail site.