Red Lobster | Absolute Net Lease

$3,793,496

4416 Durham-Chapel Hill Blvd, Durham, NC 27707

For Sale

Premium

Retail Restaurant

Active

Last Updated: 11/03/2022

Details:

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

Offered by

Drew Childress

PSF Companies

Request Info to Unlock

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

Gallery