Red Lobster
14 Year Absolute NNN | Westland (Detroit) MI
Marketing description
RED LOBSTER – ABSOLUTE NNN – WESTLAND, MI
TD Commercial Group is pleased to present the opportunity to acquire a corporately guaranteed Red Lobster in Westland, Michigan.
This property offers investors a true passive net lease backed by one of America’s most iconic dining brands. The absolute NNN lease features zero landlord responsibilities and 2% annual rent increases throughout the base term and options, providing long-term durability with built-in rent growth.
Strategically located along N Wayne Road (32,000+ VPD), the restaurant sits within a dense retail hub anchored by Walmart, Meijer, Target, and Golden Corral. The 7,582 SF building rests on a highly functional 1.94-acre parcel, offering excellent visibility, ample parking, and future re-tenanting flexibility if ever needed.
The surrounding trade area is one of Southeast Michigan’s most stable working-class markets. With 250,000+ residents within 5 miles and a strong base of Ford Motor Company employees from the nearby Michigan Assembly Plant, Red Lobster benefits from consistent lunch and dinner traffic, supported by generational dining loyalty. Families here view Red Lobster as an affordable indulgence — a “go-to” gathering spot that has become culturally ingrained in the community.
This is a rare chance to acquire a long-term, inflation-hedged, passive net lease investment in a proven Southeast Michigan retail corridor.
Investment highlights
AFFORDABLE SEAFOOD + CULTURAL ALIGNMENT
Strategically positioned in one of Southeast Michigan’s most demographically aligned trade areas for Red Lobster’s value-driven model. Surrounded by Ford plant employees, Southern transplants, and blue-collar households, this location has historically performed well above average.
ABSOLUTE NNN WITH ANNUAL BUMPS
Long-term lease with zero landlord responsibilities and 2% annual increases through the base and option periods. Investor benefits from durable cash flow and baked-in rent growth backed by corporate credit.
HIGHLY TRAFFICKED RETAIL HUB
Situated along N Wayne Road (32,000+ VPD) and surrounded by Meijer, Target, Applebee’s, Golden Corral, and Walmart, the property sits in a highly visible and proven restaurant cluster with exceptional daily foot traffic and dense local patronage.
BUILT-IN DEMOGRAPHIC BASE
With 250,062 residents within 5 miles and a strong concentration of lower-middle income households, this Red Lobster serves a trade area where families see dining here as an affordable indulgence. It’s a cultural mainstay, not a trend-driven concept.
HIGHLY FUNCTIONAL 1.94-ACRE PARCEL
The 7,582 SF freestanding restaurant sits on nearly 2 acres of land, providing future flexibility, ample parking, and long-term value as a standalone or re-tenantable pad in one of Westland’s most established retail corridors.
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