Cushman & Wakefield is pleased to present the exclusive listing for Red Lobster, located at 1041 W Rancho Vista Boulevard in Palmdale, California. The property is 8,356 square feet and is situated on approximately 1.12 acres of land. This Red Lobster is subject to a 25-year triple-net (NNN) lease, with roughly 13.5 years remaining on the lease. Annual rent is $282,650 as of August 2026. The rent is scheduled to increase by two percent annually, including through the four (4) five-year tenant renewal options. Red Lobster is the largest seafood restaurant concept in the world and is an iconic full-service brand with demographic appeal and significant advertising budget. Red Lobster is lead by an experienced management team with a history of success leading the brand. The company generates approximately $2 billion in annual revenue in 2024. Red Lobster was recently acquired by RL Investor Holdings, LLC. This entity was created by Fortress Investments Group LLC and co-investor TCW Private Credit and Blue Torch.