Red Lobster
Stony Brook, New York
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The NNN Pro Group is pleased to present the exclusive listing for the Red Lobster located at 2220 Nesconset Hwy, Stony Brook, NY 11790. The site will consist of roughly 6,883 rentable square feet of building space on an estimated 1.70-acre parcel of land. The Red Lobster is subject to an absolute triple-net (NNN) lease that commenced on 12/17/2015. The annual rent will be $343,768 in August 2024 and is scheduled to increase by 2.00% annually throughout the base term and continuing through 4, 5-Year Options.
About the Investment:
✓ Long-Term, Absolute Triple Net (NNN) Lease
✓ Approximately 15 Years Remaining
✓ Attractive Two Percent (2%) Annual Rental Increases
✓ Four (4), Five (5)-Year Tenant Renewal Options
✓ Red Lobster Corporate Guarantee (700+ Restaurants)