INVESTMENT OFFERING
SAB Capital is pleased to present Red Lobster in Augusta, GA, the 2nd most populous city in Georgia. The tenant currently has 15.5 years left in their absolute triple net (NNN) lease. The lease features 2% annual rent escalations and is backed by Red Lobster’s corporate guaranty. The property boasts dense local demographics with 89,000 residents in a 5-mile radius.
- Red Lobster in Augusta, GA | 2nd Most Populous City in Georgia
- Signalized Corner Location | Walton Way and Gordon Highway Sees Over 12,000 Vehicles Per Day
- Built-in Hedge Against Inflation | 2% Annual Rent Escalations
- Corporately-guaranteed Lease | Red Lobster Has Over 700 Locations
- Dense Local Demographics | Over 89,000 Residents in 5 Miles
- Highly Accessible and Visible Property | 2 Points of Ingress/Egress With Frontage on 3 Roads
- Strong Surrounding of Retail | Nearby Retailers Include Popeye’s, Wendy’s, ABC Supply, and Circle K
| Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
|---|---|---|---|---|---|
| Red Lobster | $3,057,012 | 8.00% | Absolute NNN | 7,468 | Available |
