170 Wolf Rd - Restaurant FOR SALE


Albany, NY 12205
$8,000,000 USD
646-805-1427
170 Wolf Rd, Albany, NY for Sale
$8,000,000 USD
Restaurant - FOR SALE
1/7
null | 6% Cap Rate

170 Wolf Rd
Albany, NY 12205


HIGHLIGHTS

  • Zero Landlord Responsibilities. The tenant is responsible for all taxes, insurance, and maintenance, including the roof and structure.
  • Red Lobster Net Lease (NNN) property is a classic "yield play" in the casual dining sector, especially as the brand stabilizes under new ownership.
  • Robust New Ownership & Backing. The chain is now owned by Fortress Investment Group, a global powerhouse with over $48 billion in AUM.
  • An iconic, corporate-guaranteed seafood concept on Wolf Road — Albany's premier retail corridor

OVERVIEW

*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.

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$850 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

127

LAND DETAILS

LAND ACRES

2.34 AC

LAND SF

101,930 SF

ZONING

12

APN/PARCEL ID

012689-030-004-0001-005-000-0000,012689-030-004-0001-006-004-0000

ASK ABOUT THIS PROPERTY

Henri KesslerMarcus & MillichapMore Info
646-805-1427

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Henri KesslerMarcus & MillichapMore Info
646-805-1427

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.