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Red Lobster

8909 US Highway 19, Port Richey, FL 34668

Price:
$3,167,409
CAP Rate:
6.10%
NOI:
$193,212
Net Rentable Area:
8,125 SF
Lot Size:
1.84 Acres
Year Built:
1994 / 2010
Status:
SOLD

Download the Offering Memorandum for details about the tenant, lease, financials, and more.

Property Details

  • Long term corporate guaranteed true NNN lease
  • No landlord responsibilities
  • 2% annual rent bumps to commence in less than 24 months hedges against inflation
  • Tenant is owned by Private Equity Firm Golden Gate Capital with over $14(bil) in asset management
  • Location was renovated in 2010, showing Tenant’s commitment to the location

RECENT LISTINGS

GET IN TOUCH WITH US

DIRECT:

818.907.9525

OFFICE:

818.212.2730

Email:

info@nnndeal.com

Corporate Office:

16830 Ventura Blvd. Suite 100, Encino, CA 91436

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