Red Lobster | Absolute Net Lease

4416 Durham-Chapel Hill Blvd, Durham, NC

$3,793,496

Price

6.15%

Cap Rate

$233,300

NOI

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Street
Map
Overview
Cap Rate
6.15%
NOI
$233,300
Building Size
7,084 sqft
Lot Area
1.97 acres
Lease Type
Absolute Net
Year Built
1977
Price Per Sqft
$535.50
Description

• Long-term lease with - 16 years remaining
• Absolute net lease structure with zero landlord responsibilities
• Corporate guarantee with over 700+ locations
• 100% Fee Simple Ownership
• 2% annual escalations
• Four, Five, Year renewal options

Location
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