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5400 National Rd E
Richmond, IN 47374

Red Lobster · Retail Property For Sale

Investment Highlights

  • Corporate guarantee | 704 locations in the US & Canada
  • World’s largest seafood restaurant | Serving customers in 11 countries
  • Strong inflation hedge | Attractive 2.0% annual increases

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
7,799 SF
Building Class
B
Year Built/Renovated
1996/2012
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
2.18 AC
Zoning
C
Frontage
432 FT on National Rd E

Amenities

  • Corner Lot
  • Dedicated Turn Lane
  • Pylon Sign
  • Restaurant
  • Signage

About 5400 National Rd E , Richmond, IN 47374

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, IHop, Chipotle Mexican Grill, Starbucks, Burger King, McDonald’s, Best Western, Applebee’s, Texas Roadhouse, Lowe’s, Best Buy, Pizza Hut, Taco Bell, Olive Garden, JCPenney, Big Lots, TJ-Maxx, Arby’s, Dollar Tree, Kohl’s, as well as a variety of others. The subject property is surrounded by a plethora of stores, services, and facilities. Two auto dealerships lie adjacent to the subject property, offering five brands of cars. Four hospitality facilities, including Holiday Inn and Best Western, are all positioned within one mile of the subject location. The Richmond Mall, which includes tenants such as JCPenney along with 20 other stores and services, is situated approximately one mile away from this Red Lobster location. There are also several industrial facilities and manufacturing plants in the immediate vicinity, including FedEx’s shipping center, Southeast Wood Treating, and Berry Plastics. Dayton, Ohio Roughly 40 miles southeast of Richmond is Dayton, Ohio. The Dayton area is a logistical centroid for manufacturers, suppliers and shippers. Dayton also hosts significant research and development in fields like industrial, aeronautical, and astronautical engineering that have led to many technological innovations. Dayton’s Businesses have diversified into a service economy that includes insurance and legal sectors as well as healthcare and government sectors. Much of this innovation is due in part to Wright-Patterson Air Force Base and its place within the community. Healthcare accounts for much of Dayton's economy. It is estimated that Premier Health Partners, contributes more than two billion a year to the region through operating, employment, and capital expenditures. Dayton was rated the No. three city in the nation for excellence in health care. Dayton is also noted for its association with aviation; the city is home to the National Museum of the United States Air Force and is the birthplace of Orville Wright.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
89-16-36-310-115.000-030
Land Assessment
$654,000
Improvements Assessment
$680,700
Total Assessment
$1,334,700
  • Listing ID: 15226859

  • Date on Market: 2/20/2019

  • Last Updated:

  • Address: 5400 National Rd E, Richmond, IN 47374

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