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  • For sale
Red Lobster - Corp. Absolute NNN Ground Lease - #1
Red Lobster - Corp. Absolute NNN Ground Lease - #2
Red Lobster - Corp. Absolute NNN Ground Lease - #3
Red Lobster - Corp. Absolute NNN Ground Lease - #4
Red Lobster - Corp. Absolute NNN Ground Lease - #5

For Sale

$2,150,000 USD

The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors an opportunity to purchase a single tenant absolute NNN ground lease that is fully occupied by Red Lobster with 1.4 lease years remaining and three (3), five (5) year option periods.  Located in Humble, TX, a suburb of Houston, this site is an outparcel PAD to Deerbrook Marketplace and is within a half-mile of Deerbrook Mall. Positioned on Eastex Freeway Road it is easily accessibly from Interstate 69 (174,000+ VPD) as well as Farm to Market 1960 Bypass Road E (41,000+ VPD). The subject property comprises a large 1.81-acre lot and a 7,400SF building and is nearby many retailers including Best Buy, The Home Depot, Office Depot, Marshalls, Old Navy, Bed Bath & Beyond, and PetSmart driving retail synergy and cross-shopping opportunities.

This is a great opportunity to purchase an absolute NNN ground lease positioned in a dominant retail location leased to a national brand restaurant user with 1.4 lease years remaining, Three option periods, and significant long-term value-add potential.