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2322 W 4th St
Mansfield, OH 44906

Red Lobster · Retail Property For Sale

Investment Highlights

  • Property is subject to a 25-year triple-net (NNN) lease with 20 years remaining
  • Strong inflation hedge | Attractive 2.0% annual increases
  • World’s largest seafood restaurant | Serving customers in 11 countries
  • Corporate guarantee | 704 locations in the US & Canada
  • Four (4), five (5)-year tenant renewal options

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
7,540 SF
Building Class
B
Year Built
1977
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.59 AC
Frontage
171 FT on W 4th St

Amenities

  • Pylon Sign
  • Restaurant
  • Signage

About 2322 W 4th St , Mansfield, OH 44906

This Red Lobster is located at 2322 West 4th Street in Mansfield, Ohio. Mansfield is the county seat of Richland County, Ohio, located midway between Columbus and Cleveland on U.S. Interstate 71. The city’s official nickname is “The Fun Center of Ohio”, and is the largest city in the “Mid-Ohio” region of the state. Surrounding Retail and Points of Interest The subject property is well-positioned in a dense retail corridor, benefiting from its proximity to major national and local retailers. Nearby national tenants include: Walmart, Kohl’s, Lowe’s, Sam’s Club, Home Depot, Target, Meijer, Best Buy, Gordon Food Service Store, Menards, TJ Maxx, OfficeMax, Barnes & Noble, JoAnn Fabric and Craft Store, Burlington Coat Factory, Staples, CineMark, PetSmart, Five Below, Dick’s Sporting Goods, Aldi, Big Lots, Ashley Home Store, Outback Steakhouse, Texas RoadHouse, Applebee’s, TGI Fridays, O’Charley’s, as well as many others. Richland Mall, an enclosed regional center that adds 50 additional stores and dining locations, is within one mile of this Red Lobster location. Ohio State University at Mansfield and North Central State College, with combined annual enrollment exceeding 4,400 students, are both within three miles of the subject property. The Richland County Fairgrounds, home to the Richland County Fair and one of the larger tourist attractions in the county, is within three miles of this Red Lobster location. Mansfield, Ohio Mansfield’s economy is heavily dominated by the Manufacturing, Healthcare, and Retail Trade industries, which combine to employ over 45% of the city’s working population. A number of highlights and achievements have contributed to Mansfield’s recent economic development. In hopes of further developing the city’s economy, large investments has been made through reconstruction of the city’s infrastructure. This has inspired expansion in the city by companies such as OhioHealth Mansfield, Ohio Valley Manufacturing, and the Ashland Railway. Furthermore, downtown Mansfield has experienced tremendous growth in arts and tourism over the last five years. Concerts and other performing arts events have drawn tremendous crowds, inspiring redevelopment of the area’s functionality and facade. The Carousel District has attracted the Phoenix Brewing Company, the Renaissance Performing Arts Association, as well as the Mansfield Symphony, NEOS Ballet Theatre, and Richland Academy Dance Ensemble.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
038-60-318-17-000
Land Assessment
$68,860
Improvements Assessment
$649,680
Total Assessment
$718,540
  • Listing ID: 15226879

  • Date on Market: 2/20/2019

  • Last Updated:

  • Address: 2322 W 4th St, Mansfield, OH 44906

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