3451 E Main St
Farmington, NM 87402

Marcus & Millichap is pleased to present the exclusive listing for Red Lobster located at 3451 East Main Street in Farmington, New Mexico. The property is 7,082 square feet and is situated on approximately 1.37 acres of land.This Red Lobster is subject to a 25-year triple-net (NNN) lease, with roughly 23 years remaining on the lease. Current annual rent is$331,527. The rent is scheduled to increase by two percent annually, including through the four, five year tenant renewal options. This Red Lobster property is located at 3451 East Main Street in Farmington, New Mexico. Farmington is a city in San Juan County, New Mexico. Farmington is located at the junction of the San Juan River, the Animas River, and the La Plata River. It is also located on the Colorado Plateau. Farmington is the largest city of San Juan County, geographically one of the largest counties in the United States. Albuquerque is located approximately three hours away from Farmington.There are approximately 37,313 people within a three-mile radius of this property and more than 48,621 within a five-mile radius. This Red Lobster is located directly off of East Main Street. East Main Street, also called New Mexico Highway 516, experiences traffic counts of over 19,418 vehicles daily. Average annual household income in the area exceeds $51,900.