img
img
img

Red Lobster – Covered Land Play

Download OM

INVESTMENT OFFERING

SAB Capital is pleased to present Red Lobster in Tuscaloosa, AL, the 5th most populous city in the state. 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. It is located in an extremely dense retail corridor with over 2.6 million square feet of retail within a 1 mile radius and sits as an outparcel to a 200,000 square foot shopping center anchored by TJ Maxx and Home Goods.

  • Red Lobster in Tuscaloosa, AL | The 5th Largest City in Alabama
  • Absolute Triple Net Lease (NNN) | Zero Landlord Responsibilities
  • Long Term, Corporate Guaranteed Lease with Over 15.5 Years Remaining
  • Attractive 2% Annual Increases | Serves as a Hedge Against Inflation
  • Strong Population Growth | Resident Population Has Risen By 14.7% Since 2010
  • Subject is a Part of the McFarland Plaza | 200,000 SF Shopping Center That Also Includes TJ Maxx, Home Goods, Michaels, Dollar General and Several Others
  • Extremely Dense Trade Area | Over 2.6M Square Feet of Existing Retail Space Within 1 Mile of the Subject
  • National Retailers Located Nearby the Subject Include: Buffalo Wild Wings, Pep Boys, Arby’s, Moe’s, FireStone, Midas, Chick-fil-A, Panera, and Many Others

Tenant Price Cap Rate Lease Type Square Feet Status
Red Lobster $2,220,237 % Closed

Dominic Padula

VICE PRESIDENT | INVESTMENT SALES
Download OM

JOIN OUR MAILING LIST

JOIN OUR MAILING LIST

Subscribe