*Great location, walking distance from multiple Hotels including the Fairfield by Marriott Inn & Suites Albany Airport which is directly next door, as well as the Marriott Albany across the road.
*Albany’s premier retail corridor – with a recently extended absolute net lease through 2043 and embedded contractual rent growth situated on a plot with above average acreage
*Predictable Cash Flow. Built-in rent escalations 2% annually with 4 x 5-year renewal options.
*Defensive "Value" Segment. As a casual dining staple, Red Lobster occupies a defensive niche. While it faces competition, it remains the largest seafood-focused chain in the U.S. In inflationary environments, its "value-oriented" seafood positioning tends to capture diners trading down from higher-end steakhouses and independent seafood venues.