3805 Burbank Rd
Wooster, OH 44691
Red Lobster · Retail Property For Sale
PROPERTY FACTS
- Restaurant
- General Retail Freestanding
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
About 3805 Burbank Rd , Wooster, OH 44691
INVESTMENT SUMMARY Marcus & Millichap is pleased to present the exclusive listing for a Red Lobster property located in Wooster, Ohio. The property consists of 4,233 square feet of building space and is situated on approximately 1.22 acres of land. The property is subject to a 25-year Triple-Net (NNN) lease with 20 years remaining on the base term. The current rent is $181,718 and will continue to increase by 2.00% annually. The increases will continue through the four, five-year tenant renewal options. TENANT SUMMARY Red Lobster is the largest seafood restaurant concept in the world and is an iconic full service brand with broad demographic appeal and significant advertising budget. Red Lobster is led by an experienced management team with a history of success leading the brand(average 27+ years experience across executive team). The company generates $2.5 billion in revenue and is the 5th largest casual dining concept in North America. Red Lobster was recently acquired by Golden Gate Capital.
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PROPERTY TAXES
Parcel Number | 67-02027-002 | Improvements Assessment | $173,240 |
Land Assessment | $186,150 | Total Assessment | $359,390 |
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Listing ID: 15226937
Date on Market: 2/20/2019
Last Updated:
Address: 3805 Burbank Rd, Wooster, OH 44691
The Retail Property at 3805 Burbank Rd, Wooster, OH 44691 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.