Red Lobster
9,382 SF | Retail Building | Lynnwood, WA 98036 | $7,935,000 ($846/SF) | 6.75% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $7,935,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 9,382 SF
- Price / Square Foot
- $846
Listing Contacts
Glen Kunofsky
Verified Profile
Josh Kanter
Verified Profile
Ilan Bley
Verified Profile
- Property Info
Property Overview
NNN Pro Group is pleased to present the Red Lobster located at 4231 196th Street SW in Lynnwood, WA. The site consists of roughly 9,382 rentable square feet of building space on an estimated 1.69-acre parcel of land. This property is subject to an absolute triple net (NNN), which expires on July 31, 2039. The rent is scheduled to increase by 2% annually every and in each of the option periods.
Property Details
- Class
- B
- Year Built
- 1990
- Stories
- 1
- Lot Size (sq. ft)
- 73,616 SF
Highlights
- Long-Term, Absolute Triple Net (NNN) Lease | Over 15 Years Remaining
- World’s Largest Seafood Restaurant | Serving Customers in 11 Countries
- Corporate Guaranty | Over 640 locations in North America
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