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1041 W Rancho Vista Blvd 8,383 SF Retail Building Palmdale, CA 93551 $5,100,000 ($608.37/SF) 5.54% Cap Rate
Executive Summary
Cushman & Wakefield is pleased to present the exclusive listing for Red Lobster, located at 1041 W Rancho Vista Boulevard in Palmdale, California. The property is 8,356 square feet and is situated on approximately 1.12 acres of land.
This Red Lobster is subject to a 25-year triple-net (NNN) lease, with roughly 13.5 years remaining on the lease. Annual rent is $282,650 as of August 2026. The rent is scheduled to increase by two percent annually, including through the four (4) five-year tenant renewal options.
Red Lobster is the largest seafood restaurant concept in the world and is an iconic full-service brand with demographic appeal and significant advertising budget. Red Lobster is lead by an experienced management team with a history of success leading the brand. The company generates approximately $2 billion in annual revenue in 2024. Red Lobster was recently acquired by RL Investor Holdings, LLC. This entity was created by Fortress Investments Group LLC and co-investor TCW Private Credit and Blue Torch.
This Red Lobster is subject to a 25-year triple-net (NNN) lease, with roughly 13.5 years remaining on the lease. Annual rent is $282,650 as of August 2026. The rent is scheduled to increase by two percent annually, including through the four (4) five-year tenant renewal options.
Red Lobster is the largest seafood restaurant concept in the world and is an iconic full-service brand with demographic appeal and significant advertising budget. Red Lobster is lead by an experienced management team with a history of success leading the brand. The company generates approximately $2 billion in annual revenue in 2024. Red Lobster was recently acquired by RL Investor Holdings, LLC. This entity was created by Fortress Investments Group LLC and co-investor TCW Private Credit and Blue Torch.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
8,383 SF
Building Class
B
Year Built/Renovated
1992/2026
Price
$5,100,000
Price Per SF
$608.37
Cap Rate
5.54%
NOI
$282,650
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.12 AC
Zoning
PDRA
Parking
57 Spaces (6.8 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
- Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- Jul 2039
Red Lobster began in 1968 as a single family-owned restaurant in Lakeland, Florida, built around making seafood available and affordable for a broad range of guests. The company now operates a wide network of seafood restaurants around the world and centers its business on casual dining, seafood sourcing standards, and menu offerings built around lobster, crab, shrimp, and fish. Red Lobster also highlights community programs that donate unused wholesome food and support employees and local organizations through its giving efforts.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | Jul 2039 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 3005-038-039 | Improvements Assessment | $2,634,527 |
| Land Assessment | $2,147,081 | Total Assessment | $4,781,608 |
Property Taxes
Parcel Number
3005-038-039
Land Assessment
$2,147,081
Improvements Assessment
$2,634,527
Total Assessment
$4,781,608
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1041 W Rancho Vista Blvd
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