Offering Memorandum
Property Highlights
- 17+ YEARS REMAINING ON NNN LEASE WITH 2% ANNUAL RENT BUMPS
- CORPORATELY GUARANTEED BY RED LOBSTER INTERMEDIATE HOLDINGS LLC (700+ UNITS)
- PAD-SITE TO TOP RANKING COSTCO AND ACROSS THE STREET FROM WALMART, LOWES, AND HOME DEPOT
- SIGNALIZED ACCESS ALONG BILLINGS PRIMARY RETAIL CORRIDOR OF KINGS AVE W
- Price: $6,567,000
- Lot Size: 1.65 AC
- Cap Rate: 6.00%
- Lease Type: Triple Net (NNN)
- Year Built: 1993
- Building SF: 8,406 SF
- Status: Sold
- Guarantor: Corporate Guarantee