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24667221
24667220

3000 Pines Mall Dr, Pine Bluff, AR 71601

GK
NY 49KU1129178
SURMOUNT
MA
NY 10401294046
SURMOUNT
RS
NY 10401341647
SURMOUNT
TH
NY 10401399336
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT
$1,593,225
328 days on market
Updated 29 days ago

Red Lobster

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 4,077
Cap Rate 8%
NOI $127,458
Occupancy 100%
Tenancy Single
Lease Type NNN
Year Built 1995
Acreage 1.210
Tenant Credit Corporate Guarantee

Retail | 8.00% CAP | 4,077 SqFt

Marketing description

Surmount is pleased to present the exclusive listing for a Red Lobster located at 3000 Pines Mall Drive, Pine Bluff, AR 71601. The site consists of roughly 4,077 rentable square feet of building space on an estimated 1.21-acre parcel of land. This Red Lobster is subject to a --year Triple Net (NNN) lease, which commenced -. The current annual rent is $127,458 and has scheduled increases of 2.00% annually.

Investment highlights

  • Long-term, Absolute Triple-Net (NNN) Lease | This Red Lobster features an absolute triple-net lease with over 19 years of term remaining and zero landlord responsibilities. The lease features attractive rental increases of 2.00% annually throughout the base term, as well as in the 4, 5-year tenant renewal options.

  • Strong Corporate Guarantee | The lease features a strong corporate guarantee by Red Lobster, which operates over 560 locations throughout the United States. This corporate guarantee significantly reduces tenant credit risk for the investor ensuring that the obligations under the lease are supported by the full credit and financial backing of the parent company.

  • Saracen Casino Resort | The subject property benefits from being located less than one mile from Saracen Casino Resort, which experiences over 1 million visitors per year. This proximity provides a consistent stream of foot traffic and consumer demand, presenting significant upside for tenant attraction, rent growth, and long-term appreciation.

  • Robust Traffic Counts | This Red Lobster benefits from robust traffic counts of 13,400, 19,500, and 10,000 vehicles along Harding Avenue, Interstate-530, and US Highway-65 respectively, providing the subject property exceptional visibility and access to a multitude of potential customers.

Listing Contacts

GK
NY 49KU1129178
SURMOUNT
MA
NY 10401294046
SURMOUNT
RS
NY 10401341647
SURMOUNT
TH
NY 10401399336
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$127,458.00
$10,621.50/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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Additional Information

Name
Brian Brockman
License
PB00082359
Brokerage
Bang Realty-Arkansas, Inc
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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