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4233 S Cooper St - Red Lobster
9,362 SF Retail Building Offered at $7,817,025 at a 5.85% Cap Rate in Arlington, TX
- Long Term Corporate Lease - 20± Years Left on the Primary Term
- 2% ANNUAL Rent Increases – Excellent Hedge Against Inflation
- Absolute NNN Lease - Zero Landlord Responsibilities
- Very Strong Performing Location – Higher than Average Sales
- A+ Dense Location - Total Population within 1-mile is 10,625 and 330,000+ within 5-miles
- Red Lobster is the World’s Largest Seafood Restaurant Concept with almost 700 Locations
There are 20± years remaining on the corporately backed lease with 2% annual rent bumps.
The lease is absolute NNN with zero landlord obligations - Tenant is responsible for all property taxes, insurance and maintenance/repairs, etc.
Very high performing/established location – Red Lobster and has occupied this location for 30 years.
The lease is corporately guaranteed by Red Lobster, a subsidiary of Golden Gate Capital, who has a long track record of investments in multi-unit restaurant and retail businesses, Golden Gate Capital has over $15 billion in assets under management.
|Price||$7,817,025||Lot Size||1.25 AC|
|Sale Type||Investment||Gross Leasable Area||9,362 SF|
|Cap Rate||5.85%||No. Stories||1|
|Parking Ratio||7.48/1,000 SF|
|Building Class||B||APN / Parcel ID||06349994|
ABOUT 4233 S Cooper St , Arlington, TX 76015
This Red Lobster is situated on 1.25± acres along S Cooper St (major retail corridor with 46,000+ VPD) and in front the high performing Parks at Arlington Mall (sales PSF are ±20% higher than the national avg), which contains more than 170 stores and restaurants and attracts more than 22 million annual visitors. Other retailers include Target, Home Depot, Lowe’s Costco, Walmart, Kohls, McDonald’s and much more. A+ Dense Location - Total population within 1-mile is 10,625 with more than 330,000 people within 5-miles. Arlington is located less than 15 minutes from Downtown Dallas. The Dallas-Fort Worth Metroplex (“DFW”) is the 4th largest metropolitan area in the nation.
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Talent Base and Commute Times
NNN Tenant Information
|Tenant||SF Occupied||Lease End Date|
|Red Lobster Hospitality, LLC||9,362||July 2039|
|Collection Street||Cross Street||Traffic Vol||Year||Distance|
|S Cooper St||S Hwy 157, N||57,532||2018||0.05 mi|
|S Hwy 157||S Cooper St, NE||61,612||2018||0.08 mi|
|Pleasant Pl||S Cooper St, E||15,386||2018||0.12 mi|
|W Pleasant Ridge Rd||Melear Dr, E||15,028||2018||0.13 mi|
|W Pleasant Ridge Rd||Melear Dr, E||7,727||2018||0.14 mi|
Dallas/Fort Worth International Airport
|31 min||20.6 mi|
Dallas Love Field Airport
|42 min||28.6 mi|
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