Red Lobster
Single-Tenant Offerings
Red Lobster
1010 N Wesleyan Blvd.
Rocky Mount (East of Raleigh), NC
- Price:
- $2,880,000
- Cap Rate:
- 5.00%
- NOI:
- $143,995
- Rentable SQFT:
- 8,300 SF
- Year Built:
- 1988/2016
- Lot Size:
- 1.72 +/- Acres
- Lease Type:
- Absolute NNN
- Status:
- Under Contract
Investment Highlights
- 17+ Years Remaining with 2% Annual Rental Increases
- Absolute NNN Lease with No Landlord Responsibilities
- Corporate Guaranty, 750 Locations with $2.6 Billion in Revenue
- Red Lobster is the Largest Seafood Restaurant Concept in the World and the 5th Largest Casual Dining Concept in the U.S.
- Serving the Rocky Mount-Wilson Trade Area with Over 200,000 Residents
- Hard Corner Location at Signalized Intersection with 47,000 Cars/Day
- Easy Access to I-95 with 97,000 Cars/Day, the Main North-South Highway on the East Coas
- Across from a Target, Lidl, Tractor Supply, Harbor Freight, Big Lots, McDonald’s, a New Chipotle and Adjacent to a Hobby Lobby
- Property is Well-Located in the Heart of Rocky Mount’s Dominant Retail Trade Area
- Close Proximity to Nash General’s Flagship Hospital with 1,600 Employees
- Surrounded by 16,270 Students Attending Three Colleges (Nash Community, Edgecombe Community, and NC Wesleyan College)
- Down the Street from the New Rocky Mount Event Center and Sports Complex with Over 200,000 Visitors Annually
- Strong Daytime Population, Over 30,000 Employees within a 5-Mile Radius
- CSX Transportation is Building a $200 Million Cargo Terminal in Rocky Mount
- Rocky Mount is Less Than a One-Hour Dive to Downtown Raleigh
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