Red Lobster
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
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?










