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Highlights

  • 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

Investment Summary

Very high performing absolute NNN Red Lobster Corporate located in Arlington (Dallas/Ft. Worth), TX for $7,817,025 / 5.85% CAP.

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.

The Offering

  • Listing ID: 16914427
  • Date Created: 8/14/2019
  • Last Updated:

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.

Links

Marketing Brochure

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More Attachments

OM - Red Lobster - Arlington, TX (Top Performing Store)

TRADE AREAS

Talent Base and Commute Times

1 mile 1 mi 3 mile 3 mi 5 mile 5 mi
1 Mile
3 Mile
5 Mile
Total Population
10,066
123,228
338,721
2010 Population
8,648
115,772
311,560
2024 Population
10,857
131,229
361,787
Employees
13,552
47,311
105,137
Total Businesses
1,039
4,738
10,270
Average Household Income
$69,048
$81,071
$78,397
Median Household Income
$53,397
$63,841
$60,979
Total Consumer Spending
$93.93M
$1.2B
$3B
Median Age
34.1
34.8
33.7
Households
4,298
44,516
118,482
Percent College Degree or Above
17%
17%
18%
Average Housing Unit Value
$198,675
$189,744
$186,750

NNN Tenant Information

Tenant SF Occupied Lease End Date
Red Lobster Hospitality, LLC 9,362 July 2039

Traffic

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

Airport

Drive Distance
Dallas/Fort Worth International Airport
31 min 20.6 mi
Dallas Love Field Airport
42 min 28.6 mi
Walk Score ®
50
Somewhat Walkable
Bike Score ®
41
Somewhat Bikeable
What is a Walk Score®, Transit Score® & BikeScore®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

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