3501 S Memorial Dr - Restaurant FOR SALE


Greenville, NC 27834- Southwest Greenville
$2,857,000 USD
617-865-1145
3501 S Memorial Dr, Greenville, NC for Sale
$2,857,000 USD
Restaurant - FOR SALE
1/3
null | 7% Cap Rate

3501 S Memorial Dr
Greenville, NC 27834
Southwest Greenville


HIGHLIGHTS

  • High-Traffic Retail Corridor
  • Dominant Regional Retail Node
  • Strong Daytime Population Drivers
  • Growing 5-Mile Population Base

OVERVIEW

Surmount is pleased to present the exclusive listing for a Red Lobster located at 3501 South Memorial Drive, Greenville, NC 27834. The site consists of roughly 8,355 rentable square feet of building space on an estimated 1.87-acre parcel of land. Red Lobster is subject to a 22.61-year Triple Net (NNN) lease, which commenced 7/28/2014 and has more than 10.75 years remaining on the lease. The current annual rent is $200,000 and has scheduled increases of 2.00% annually starting 8/1/2027.

FOR SALE DETAILS

PRICE

$2,857,000 USD

PRICE/SF

$342 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Lobster

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.87 AC

LAND SF

81,457 SF

ZONING

CH

APN/PARCEL ID

083672

ASK ABOUT THIS PROPERTY

Josh KanterSurmountMore Info
617-865-1145

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Josh KanterSurmountMore Info
617-865-1145

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